A financial industry veteran with a doctorate fromStanford University is set to serve as vice-chairmanof China’s securities regulator, as the agency seeks to repair damage to its reputation by itshandling of stock market volatility this summer, local media reported yesterday.

中国媒体昨日报道，拥有斯坦福大学(Stanford University)博士学位的金融行业资深人士方星海即将出任中国证监会(CSRC)副主席一职。目前证监会正寻求修复其在今年夏季应对股市动荡的方式对自身声誉造成的损害。

Fang Xinghai, who serves on a financial and economic policymaking group under Premier LiKeqiang, will take over as deputy chairman of the China Securities Regulatory Commission,Caixin reported.

财新报道称，中国总理李克强手下的中央财经领导小组办公室国际经济局局长方星海将接任中国证监会副主席。

The CSRC was chastised for its handling of the stock market turmoil . The ShanghaiComposite rose 150 per cent in the year to June 9, then fell 44 per cent in the next two and ahalf months. It has since recovered slightly.

中国证监会因处理股市动荡的方式而受到外界指责。在截至6月9日的一年，上证综指飙涨150%，接着在接下来的两个半月中下跌44%。此后略有回升。

The agency, where working hours are long and salaries low, has struggled to attract and retaintalent.

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