MNI with a piece in the China Securities Journal on an analysis from the China Association of Public Companies (CAPC)
- Investors may have overstated how much major shareholders of listed companies cut their stakes
- That is possibly is one of the reasons for stock market's recent sharp falls
- Only a quarter of the listed companies sold their stocks even during the first half of 2015 when the stock markets was surging
- Even then, most of them did not reduce their stakes via the secondary market
- CAPC says listed companies would continue efforts to develop a stable and healthy stock market.
