CCP Replaces Head of Securities Regulator, Restricts Short-Selling Amid Stock Market Meltdown

Published on February 11, 2024

China’s ruling Chinese Communist Party (CCP) has replaced the head of its securities regulator, as public anger grows over the Chinese stock market crash. Meanwhile, the communist regime has resorted to administrative intervention to stop stocks from plunging. China’s stock market has continued melting down since the new year, reaching its lowest points in years just last week, with tens of thousands of stocks hitting limit down. The plummeting stock market has seriously impacted the confidence of investors both domestic and foreign amid China’s slumping economy. It’s estimated that 200 million Chinese have invested in the Chinese stock market, many of whom have taken to the U.S. and Indian embassies’ social media accounts to voice their anger against the CCP and plead for help to save the value of their investments in the Chinese stock market....