Wu Qing · Full chronicle and history

CSRC Chairman Wu Qing announced that the registration of the first batch of 18 active ETFs has been approved. Officials describe them as a tool for bringing in incremental capital, but in reality they mainly serve to convert off-exchange redemptions into on-exchange turnover and pad trading volume.

On February 7, 2024, the CCP Central Committee and the State Council removed Yi Huiman from his posts as Party Committee Secretary and Chairman of the China Securities Regulatory Commission (CSRC), with Wu Qing succeeding him; outsiders believe this is related to the continuous decline of A-shares at the time.