CSRC denies Reuters report of chairman’s resignation

Source:Global Times Published: 2016-1-19 1:18:01

The China Securities Regulatory Commission (CSRC) has called on Reuters to make a correction following its report claiming that CSRC Chairman Xiao Gang had offered to resign, saying the Reuters report was "inconsistent with the facts."

The statement was released Monday night on the CSRC's official Sina Weibo account.

Reuters on Monday quoted anonymous sources as saying that Xiao had offered to resign after "perceived mismanagement wiped more than $5 trillion off the value of the Shanghai and Shenzhen stock markets since they peaked last June."

The official Sina Weibo account of Reuters' Chinese language site became inaccessible on Monday night. The account previously had some 730,000 followers.

It is not known whether it was related to Reuters' earlier report on Xiao's resignation.

Posted in: Markets

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