Hu Shuli, one of China's most outspoken and influential journalists, has submitted her resignation to China Stock Market Research and Design Center and resigned from her post as editor-in-chief of Caijing magazine.
Her resignation ends months of speculation after her team left at the end of September stemming from an intensifying tussle between them and the magazine’s owner and publisher, the Stock Exchange Executive Council (SEEC), headed by former Wall Street banker Wang Boming.
At the end of September, Wu Chuanhui, general manager of Caijing, was the first person to resign, followed by the magazine’s management team, of more than 60 people, resigned en masse. Only one-third of the staff in advertising, marketing and circulation departments still continue to work at Caijing.
There was talk of launching a new magazine named Caixin, and an unnamed source with Caijing says the editorial staff have a deadline until Wednesday to resign in order to join Hu in her new venture.
Media have also reported that Hu may take a job as dean, professor and doctoral tutor of the Communication and Design College at Zhongshan University in the southern Chinese city of Guangzhou.