China's securities chief Wu Qing seeks to resign over health
Wu Qing, who led China's securities watchdog (CSRC), has asked to resign due to health reasons.
He spent about a year and a half trying to steady China's shaky stock markets after significant investor losses.
Wu's tough stance on violations
Wu was known for his tough stance—cracking down on insider trading and violations at securities firms—to rebuild trust in the market.
With China's economy still recovering, his exit leaves some uncertainty about what's next for market rules and investor confidence.
Who is Wu Qing?
At 60, Wu is a finance PhD and former Shanghai Stock Exchange boss, famous for being strict on violations (earning the nickname "broker butcher").
He joined the Communist Party's Central Committee in 2022 and was known for his reform efforts.
Leadership change amid economic recovery
Wu took over from Yi Huiman early last year when markets were struggling.
Yi was removed amid instability, and later investigated for serious rule-breaking.
Now, another leadership change could shape how China handles its ongoing economic recovery.