Reuters' report on resignation of CSRC chief not conform to facts: CSRCR

(PEOPLE'S DAILY ONLINE)Reuters’ report on CSRC (China Securities Regulatory Commission) chairman Xiao Gang’s resignation does not conform to the facts, and we have contacted Reuters on its correction, said CSRC on its official microblogging account on Weibo Monday.

Xiao Gang was spotted on a news video, showing that he was still attending a conference of central CPC cadre on January 18, 2015. Chinese President Xi Jinping delivered a speech on the conference.Reuters earlier announced that Xiao Gang had stepped down, due to “mishandling a recent crisis that wiped over $5 trillion off the value of the Shanghai and Shenzhen stock markets”. The report was also posted on its Weibo account in its Chinese translation.

After CSRC issued the request to the news agency, Reuters has responded by an article, in which it cited the Weibo announcement of CSRC, but it still referred to anonymous resources for Xiao’s resignation.

“It was not known if Xiao's resignation offer had been accepted by the central government,” it said. The weibo page of Reuters shows “the user does not exist” after the CSRC’s announcement.