China International Capital Corp (CICC) President Wu Bo resigns after brother becomes CSRC chairman.
China International Capital Corp (CICC) President Wu Bo resigned two months after his brother, Wu Qing, was appointed chairman of China's Securities Regulatory Commission (CSRC), which oversees China's $9 trillion stock market and regulates CICC. The siblings' roles may create a conflict of interest, as the CSRC regulates CICC. Wu Bo has held various roles at CICC for nearly two decades.
April 11, 2024
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