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China stocks extend bounce on regulatory change-of-guard
Beaten-up Chinese stocks were set for a fourth day of gain on Thursday after a change of leadership at the market regulator, shoring up expectation of further support measures as China heads into a long Lunar New Year holiday this week. The blue-chip CSI 300 Index pulled further away from last week's five-year low after fresh vows of support by state-linked buyers and Bloomberg reporting that President Xi Jinping would meet regulators earlier this week. The cabinet on Wednesday said it would replace China Securities Regulatory Commission Chairman Yi Huiman with Wu Qing, a securities regulator veteran who has led the ... (full story)
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