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MNI BRIEF: China To Strengthen Shareholding Reduction Rules

MNI (BEIJING)
MNI (Beijing)

Policymakers will improve shareholding reduction rules as part of a package of measures aimed at stabilizing the stock market, he China Securities Regulatory Commission announced Friday.

The regulator will work to prohibit major shareholders and senior executives from trading derivatives based on their company stock, said Guo Ruiming, director of the Department of Supervision of Listed Companies of the CSRC.

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Policymakers will improve shareholding reduction rules as part of a package of measures aimed at stabilizing the stock market, he China Securities Regulatory Commission announced Friday.

The regulator will work to prohibit major shareholders and senior executives from trading derivatives based on their company stock, said Guo Ruiming, director of the Department of Supervision of Listed Companies of the CSRC.

Keep reading...Show less