China China Securities Regulatory Commission (CSRC)

  • Major shareholders of listed companies restricted to selling maximum 1% of their holdings in single entity via competitive bidding process every three months
  • Major shareholders should file share sale plan 15 days in advance of sale
  • Share sale regulation effective on January 9

CSRC says these new rules will ease panic sentiment

  • Will help stabilise market expectations
  • new rules do not mean China Securites Finance Corp. will exit the market

(China Securites Finance Corp. is the government support/buyer of stocks ... i.e. the PPT)

-

Clue

Less