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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Big shareholder stock sales decline

Xinhua | Updated: 2017-06-06 08:04

Big Major investors in 278 firms listed on the SSE sold shares so far this year

BEIJING-Stock sales by major shareholders shrank sharply over the past several trading days, pointing to the effect of tightened rules aimed at limiting massive dumping of holdings and bolstering the market.

The average daily stock sales volume by major shareholders, supervisors and management of companies listed at the Shanghai Stock Exchange fell to 190 million yuan ($28 million) on the secondary market during the three trading days ending on Friday.

This was down 67 percent from the daily average over the period from Jan 1 to May 26, the last trading day before the new rules were issued, according to data from the bourse.

No major shareholders, supervisors or management sold shares in blocks over the past three trading days, and the initial effects of the rules to curb disorderly stock sales had emerged, the bourse said in a statement.

Massive stock selling by major shareholders when share prices peak is widely deemed a factor weighing on the market. Big shareholders, supervisors and management at 278 listed companies at the SSE have sold shares worth around 90 billion yuan so far this year, according to data from the bourse.

Compared with individuals, major shareholders, supervisors and management have the advantage of asymmetric information, so offloading stocks in a fire sale manner causes retail investors to suffer.

To ease market worries, China tightened its grip on speculative stock selling by big shareholders, with the China Securities Regulatory Commission, and the Shanghai and Shenzhen bourses on May 26 coming up with new regulations to fix some loopholes in the previous scheme.

To illustrate, stocks transferred through block trading should not surpass 2 percent of a company's total shares in any 90 days, and the transferees are not permitted to sell any more within six months, according to the new rules.

"The new rules will slow the pace of offloading, which will stabilize the market and support growth of companies with stable profitability outlooks," said Sun Xiwei, chief investment strategist at CITIC Securities Co.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
林芝县| 义马市| 泌阳县| 南雄市| 长葛市| 呼和浩特市| 望谟县| 台前县| 抚松县| 福海县| 三亚市| 三门县| 卓尼县| 获嘉县| 廊坊市| 宜宾市| 南陵县| 台东市| 黄冈市| 旅游| 德庆县| 庆安县| 雷山县| 阜阳市| 天水市| 沾化县| 新营市| 平原县| 麟游县| 五原县| 宣恩县| 海晏县| 牡丹江市| 小金县| 买车| 安福县| 自贡市| 同德县| 盘锦市| 龙口市| 枣阳市|