August 22, 2013 / 5:11 AM / 5 years ago

China's Everbright Securities to replace president

A department office of Everbright Securities is pictured in Beijing, August 16, 2013. REUTERS/Jason Lee

SHANGHAI (Reuters) - China Everbright Securities (601788.SS), under fire over a trading error that has prompted investigations by authorities, said on Thursday it will replace its current president.

Xu Haoming will be replaced by a temporary president Yuan Changqing, it said in a statement to the Shanghai stock exchange.

It also said trading of its shares would be suspended in the afternoon on Thursday. It did not elaborate.

Reporting by Shanghai Newsroom; writing by Adam Jourdan; Editing Kazunori Takada

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