Both the Shanghai and Shenzen stock exchanges are to heighten their monitoring of share selling activities by by listed companies' major shareholders
- Also, the China Securities Regulatory Commission (CSRC) reiterated the transition toward a U.S.-style registration system for initial public offerings would be a gradual process and will not lead to a surge in IPOs
- Shanghai Stock Exchange said that it has taken special supervision measures on sales of shares acquired through block trades, and will take action against any activities that impact normal market order
via Reuters
