China appointed a new chief securities regulator. Liu Shiyu, chairman of Agricultural Bank of China and former vice-governor of the central bank, replaced Xiao Gang, who was sacked—apparently blamed for months of stockmarket turmoil. The CSI 300 index of large-cap shares has fallen by more than 40% from its peak last June.
Appoint: 任命
Chief securities regulator: 证券会主席
Sack:解雇
Turmoil:动荡
Large-cap shares:大盘股
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