SHANGHAI, Sept 1 The State Council, China's
cabinet, appointed Wu Lijun to head the Shenzhen Stock Exchange
on Monday, according to a statement by Xiao Gang,
president of the China Securities Regulatory Commission (CSRC),
during a conference in Shenzhen.
The statement did not say when Wu would formally take up his
Wu Lijun, who previously served as assistant to Xiao Gang
and as member of the CSRC Communist Party committee, said he
would assist in the development of listed companies, power the
growth of various boards and promote the reform of the
NASDAQ-like ChiNext small cap growth board.
He replaces Chen Dongzheng, who is leaving due to
age-related reasons, according to the announcement.
(Reporting by the Shanghai Newsroom; Editing by Biju