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Zhang makes return to Shenzhen commission

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ZHANG Yundong has moved back to the Shenzhen Securities and Exchange Commission after more than a year with the watchdog China Securities Regulatory Commission (CSRC).

While formerly he was a Shenzhen commission director, responsible for marketing and B-share issues, he returned three weeks ago as the commission's deputy chief, a commission official said.

In conjunction with another deputy chief, Liu Xinhua, Mr Zhang will take charge of the commission, which has yet to find a helmsman after director Wang Lin's departure under a bribery charge last year.

Mr Zhang has been a director at the CSRC's public offerings department since early last year.

While Mr Zhang's appointment to the Shenzhen commission was seen by some critics as a move by the CSRC to tighten its grip there, a commission official denied such a motive.

The commission official said Mr Zhang was moving back to his former department and his return should in no way be seen as a political manoeuvre.

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