国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Markets

New rules to limit big shareholders' stock selling

(Xinhua) Updated: 2016-01-07 14:12

BEIJING -- As the stock market continued to nosedive, China's securities regulator unveiled new rules Thursday to limit big shareholders from selling their stocks.

The China Securities Regulatory Commission (CSRC) has asked big shareholders and the management, those who hold more than 5 percent of a company's shares, not to offload more than 1 percent of the company's shares within any three-month period, a regulation notice said.

Those who want to reduce their holdings have to publicize their plans 15 trading days beforehand, it said.

The new rules will take effect on Jan 9.

Big shareholders were locked into their holdings for six months, since July 8 when the CSRC banned them from selling stocks to stem a summer market rout. The ban is due to expire at the end of the week.

The introduction of the new measure does not mean an exit of the "national team" including China Securities Finance Co Ltd, whose function to stabilize the market will not change.

The new rules aim to prevent possible share-selling waves and help to stabilize the market.

The move came after trading on the Shanghai and Shenzhen bourses was halted Thursday morning after shares tumbled 7 percent within the first 30 minutes of trading, triggering the circuit breaker mechanism for the second time this week, after a similar case on Monday, the first day the mechanism took into effect.

Thursday's trading was the shortest duration in China's capital market history.

China's circuit breaker mechanism follows the Hushen 300 Index, which reflects the performance of bluechips listed in Shanghai and Shenzhen. When the index rises or falls by 5 percent, the circuit breaker imposes a 15-minute suspension in trading. If the Hushen 300 rises and declines by over 7 percent, trading is halted for the day.

Hot Topics

Editor's Picks
...
新河县| 色达县| 泸定县| 鹤庆县| 辰溪县| 鹤峰县| 永嘉县| 宁晋县| 华阴市| 监利县| 呼伦贝尔市| 双辽市| 伊宁县| 宁阳县| 灵寿县| 宣恩县| 玉龙| 全州县| 哈尔滨市| 塔城市| 瑞金市| 镇原县| 平阳县| 长顺县| 凌海市| 隆回县| 通道| 九江县| 富宁县| 土默特左旗| 攀枝花市| 黑龙江省| 蒙自县| 张家川| 勃利县| 醴陵市| 宜君县| 股票| 定远县| 十堰市| 儋州市|