Staff at China's top securities regulator have been working around the clock for weeks to try to support China's falling stock market, which lost more than $5 trillion. The official Xinhua News Agency on Wednesday evening announced the removal of Yi Huiman from office, the Communist Party's biggest casualty yet amid financial losses that have undermined confidence in China's economy among international investors.

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The decision sent shockwaves through the China Securities Regulatory Commission, according to people familiar with the matter. Yi's departure came as a surprise even to senior officials at China's securities regulatory commission, underscoring the alarm within Xi Jinping's government about the crisis, which is now in its fourth year. Instead of Yi, Qing, a close ally of Prime Minister Li Qiang, takes over as the head of the regulator.

The China Securities Commission did not comment on the situation regarding the stock market

China experts note that these actions could be the beginning of new measures to stem the fall of the world's second largest economy. – China stock market. Restrictive measures taken last week failed to restore investor confidence.

“This step has been necessary for a long time. If one manager is not up to the task, it may be time to give another a chance. The new leader can take more decisive action rather than just words” – noted Managing Director of Zhuhai Greenbamboo Private Fund Management Jiang Liangqing.

Expectations for stronger action to stabilize China's stock market grew following Bloomberg's reports of Xi's upcoming market briefing. It is unclear what role Yi played in this.

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China's latest measures, including restrictions on short selling and stock purchases by state-owned enterprises, had some impact on the market, helping it rise for three days in a row. However “National team” China bought about 70 billion yuan worth of shares over the past month, which is not enough to fully restore confidence in China's stock market, according to Goldman Sachs Group Inc.

Government intervention could help interrupt the downward trend in the Chinese stock market

“Government intervention could help break the downtrend in China's stock market, but more systemic reforms and policy measures are needed to revalue China's stocks”, – analysts write Goldman Sachs. In the past, regulatory changes at the China Securities Regulatory Commission have caused China's stock market to rise, which may correct the market in this situation as well. But will this change the general trend? – very doubtful.

China's real estate crisis shows no signs of ending

However, major market interventions in China have rarely gone smoothly, and the country's economy faces greater challenges than during previous market downturns: China's real estate crisis shows no sign of ending, geopolitical tensions with the US continue to escalate, and foreign investors are wary of a government that suppresses private enterprise.

However, analysts note that the China Securities Regulatory Commission (CSRC) has limited ability to influence the market. She can't command “national team” or create stabilization funds and is largely dependent on other forces to stimulate economic growth.

China's stock market reflects weak growth and lack of confidence

The change of chairman of the China Securities Regulatory Commission, although a significant event, does not fundamentally change anything, economists say. As a result, China's stock market reflects weak growth and lack of confidence. Unless Beijing addresses these fundamental issues, the stock market is likely to continue to struggle.

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Now the 58-year-old new chairman of the China Securities Regulatory Commission, Wu, faces a difficult task. He was appointed after serving as an adviser to the deputy party secretary in Shanghai and worked closely with Premier Li. Wu has extensive experience in financial regulation and is known as a man who strives for law and order.

The benchmark CSI 300 index has risen more than 40% in nearly two years since Liu Shiyu succeeded Xiao Gang in 2016. The rate jumped more than 80% in the two years after Liu was removed from office by Yi in 2019.

How to stabilize China's stock market?

While Wu's appointment may calm investors' nerves in the short term, addressing fundamental issues will require greater political effort to stabilize China's stock market. But it is unclear how the Chinese Communist Party will behave towards investors. This is precisely the basis of this crisis on the Chinese stock exchange.

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Сообщение China's stock market is heading downhill появились сначала на GeoInform.

According to a report by the think tank, the UK is facing “hidden” security threat due to the presence of Russian, Chinese and Iranian forces in Irish territorial waters. Analysts accuse Dublin of “frivolity” in matters of European defence.

Growing Russian threat in Irish territorial waters

According to the center Policy Exchange, The UK should strengthen its air and naval presence in Northern Ireland to deter the growing Russian threat in Irish territorial waters. The report is supported by two former UK defense secretaries, Michael Fallon and George Robertson.

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Britain and Ireland face “acute maritime threat” due to the Russian strategy of attacking submarine cables and pipelines, as well as the presence of Russian warships.

The report also raised concerns about Russian intelligence operations in Ireland and vulnerability to cyber attacks, mentioning “excessively large” Russian diplomatic mission in Dublin.

Great activity of Russian intelligence services in Ireland

In 2022, the Russian Embassy in Dublin employed 30 staff - more than in many other European countries. This demonstrates the great activity of the Russian intelligence services in Ireland.

China poses another serious threat to UK security

China poses another serious threat to UK security due to its rapid technological advancement and global influence.

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MI5 Director General, Ken McCallum, noted that Iran is often linked to terrorism. Last year, UK authorities identified at least 10 potential threats involving the kidnapping or harm of people living in the UK whom the Iranian regime considers enemies.

Ireland needs to reconsider its military neutrality

Center report Policy Exchange stresses that Ireland needs investment from other NATO countries and Ireland needs to reconsider its military neutrality. Fallon and Lord Robertson welcome Ireland's review of its defense policy and call on the UK to help Ireland strengthen its defence.

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Concerns have been raised about the possible impact of Sinn Féin's victory in the 2025 Irish elections. The party is on the rise in the Republic, but its position has weakened in opinion polls south of the border.

Greater defense cooperation between the UK and Ireland is needed

Overall, the report Policy Exchange calls for a stronger response to the threats posed by Russia, China and Iran through Ireland, as well as a review of neutrality and strengthened defense cooperation between the UK and Ireland.

Сообщение Russia, China and Iran are present in Irish waters появились сначала на GeoInform.

Exercises conducted during the deployment allowed the brigade to demonstrate the effectiveness and readiness of four WS2400 launchers, each equipped with three YJ-62 missiles, as well as one command and control vehicle.

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Although the YJ-62 missiles are not cutting-edge weapons, their strategic placement is generating interest in the international community. The previous deployment of these complexes was closer to Taiwan, however, moving them to the borders of North Korea indicates a change in Chinese strategy.

China “flexes his muscles” on the Korean Peninsula

Analysts point to this as China's response to an increase in North Korean missile launches. The move could also be an indication that China “flexes his muscles” on the Korean Peninsula in response to the prospect of conflict.

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What are YJ-62 anti-ship missiles

YJ-62 missiles, medium-range turbojet anti-ship systems, pose a serious threat to military and civilian ships within a radius of 500 kilometers. The YJ-62's ability to carry 450 kilograms of high-explosive, armor-piercing warheads and rapid deployment have made it a key element in China's strategy to maintain its military pressure in the region.

Сообщение China deploys long-range missiles near South Korea появились сначала на GeoInform.