China’s Securities Regulator Bleeds Much Needed Top Talent

China's securities regulator has approved resignation applications by a number of top officials, continuing a talent flight that has seen department heads opting to work in the industry, according to Caixin Media citing insiders familiar with the matter.

The China Securities Regulatory Commission (CSRC) has lost many top talent at a time when it is pushing market-driven reforms including transitioning to a registration-based IPO system.

The wave of departures started in 2014. After the latest losses, the CSRC will see the number of officials in one department shrink from nine to one, according to the article.

Most regulators are moving to work in the securities industry. A vice director at the Department of Public Offering Supervision Zhou Jiannan joined asset manager Dacheng Fund as its communist party secretary. Another official Ma...

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