Market regulator fights talent flight into private sector

While China's securities regulator is pushing market-driven reforms to reduce administrative intervention in the capital market, an unexpected side effect of that effort is that the once-powerful and attractive regulatory jobs seem to be losing appeal.

Three senior officials from the China Securities Regulatory Commission have reportedly resigned amid the latest wave of official departures from the regulatory body starting earlier this year.

Chinese business magazine Caixin reported that one official left for a Shenzhen-based private equity fund while another will work for the financial arm of e-commerce giant Alibaba Group Holding Ltd.