Chinese investors welcome new regulator, await new regulations

By Pete Sweeney and Ryan Woo SHANGHAI/BEIJING (Reuters) - China's new securities regulator Liu Shiyu, a former central banker, has a tough job on his hands - not least managing a huge weight of expectation from millions of small investors smarting from a recent stock market collapse. Liu, appointed at the weekend to replace Xiao Gang, the scapegoat of the piece, inherits the fallout from near 50 percent drops in China's major indexes from peaks in June, blamed on a confluence of mistakes made by