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CSRC To Implement New Rules On Shareholding Reductions

CHINA PRESS
MNI (Singapore)
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The China Securities Regulatory Commission officially issued the so-called "most stringent" new regulations on shareholding reduction in history on Friday after soliciting public opinions, National Business Daily reported. The new rules increase the pre-disclosure obligations of major shareholders before large shareholding reduction and comprehensively blocked all kinds of bypass channels such as reducing through divorce or refinancing, the Daily said.

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The China Securities Regulatory Commission officially issued the so-called "most stringent" new regulations on shareholding reduction in history on Friday after soliciting public opinions, National Business Daily reported. The new rules increase the pre-disclosure obligations of major shareholders before large shareholding reduction and comprehensively blocked all kinds of bypass channels such as reducing through divorce or refinancing, the Daily said.