China Appoints 'Broker Butcher' in Bid to Boost Struggling Stock Markets  

An investor looks at a screen showing stock market movements at a securities company in Hangzhou, in eastern China's Zhejiang province on Feb. 8, 2024. FILE - Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, Sept. 30, 2022.

China has replaced the head of its securities watchdog with veteran regulator Wu Qing, known as the “Broker Butcher” for his tough enforcement of trading regulations in the past. Wu’s appointment comes as policymakers in China are struggling to stabilize the country's stock markets.