THE general counsel of the China Securities Regulatory Commission (CSRC), Gao Xiqing, has resigned from his post, citing poor health.
Mr Gao, also director of public offerings of the CSRC, said yesterday his three-year office with the commission would end on Friday.
'I don't feel well from the head to the feet,' he said, although he would continue his classes on securities law at the University of International Business and Economics of China next week.
Mr Gao, 58, has been a professor at the university since he started at the commission, from which he received a 'position subsidy' instead of regular pay.
Well-regarded in the securities industry, Mr Gao received his doctorate at Duke University in the United States and is a founder of Beijing-based Haiwen legal consultancy.
'I won't be joining the private sector in the next 12 months, in order to comply with the commission's practice code,' he said.
The resignation of Mr Gao follows that of Chen Dagang, the chief of the CSRC's law department, several months ago.
