日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Markets

Govt to issue new rules to regulate share sales by top investors

By Li Xiang (China Daily) Updated: 2016-01-06 07:57

Govt to issue new rules to regulate share sales by top investors

A woman looks at a stock market app installed on her smartphone. [File Photo/Agencies]

China will issue new rules to better regulate share sales by major shareholders of listed companies in an attempt to prevent it from burdening the country's fragile stock market, the securities regulator said on Tuesday.

The announcement came as the stock-selling ban imposed by the regulator on major shareholders to stem the market rout in the summer is set to expire on Friday.

The lifting of the ban has been haunting A-share investors and it was attributed as one of factors that caused Monday's massive sell-off. The steep market slide triggered the circuit breaker mechanism that resulted in an unprecedented trading halt of equities, index futures and options.

Media reports suggested that the regulator will extend the current share sale ban until the introduction of the new rules.

Officials at the China Securities Regulatory Commission declined to comment on the matter when contacted.

Two listed companies contacted by China Daily said they have not received any notice from the regulator or the stock exchanges about the extension of the selling ban.

Deng Ge, the CSRC spokesman, said on Tuesday that the new regulation of share sales by major shareholders will include a predisclosure system, selling restrictions and mechanisms such as block trading and private negotiations to reduce the negative impact on the capital market.

Some analysts earlier estimated that the value of capital involved in share sales by major shareholders of listed companies could amount to 1.2 trillion yuan ($180 billion).

Dong Dengxin, a securities researcher at Wuhan University of Science and Technology, said that overvalued small-cap stocks will be the worst hit if the ban is revoked.

"There is a strong motivation to sell the expensive small-cap stocks as the average price-to-earning ratio of companies listed on the startup board has reached 109 times," he said.

As of Tuesday afternoon, at least five listed companies have promised that their controlling shareholders and senior executives will not reduce their equity holdings.

Survey finds pessimism among investors

An online survey by Tencent Holdings Ltd on Tuesday has revealed strong pessimism among investors toward the stock market in 2016.

A resounding 61 percent of 40,000 online investors polled by the Internet company said they are negative about the A-share market, with just 22 percent positive.

The survey came after the stock market suffered a dramatic slide on the first trading day of 2016, triggering unprecedented trading halts in equities, index futures and options, under a new circuit breaker system.

Twenty-seven percent of the investors attributed the mechanism as the main reason for the market slide while 33 percent believed that lifting the ban on major shareholders from selling their holdings triggered the sell-off on Monday.

More than 40 percent of investors said they were trapped by the sudden market plunge and will wait passively for the market rebound, while 44 percent said they have a full stock position, the survey showed.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: bb任你操| 一区二区国产视频 | 激情福利 | 亚洲男人天堂视频 | 乱lun合集男男高h | 亚洲午夜久久久久久久久红桃 | 国产精品91视频 | 久久精品色| 免费黄色国产视频 | 久久性av | 午夜精品国产精品大乳美女 | 一区二区三区久久久 | 欧美亚洲| 中文字幕av一区二区三区 | 久久综合影院 | 夜夜春夜爽 | 五月天丁香久久 | 久久国产精品无码网站 | 妞干网这里只有精品 | www国产在线 | 日韩一区二区中文字幕 | 中文天堂在线播放 | 蜜臀av性久久久久蜜臀aⅴ四虎 | 国产综合精品 | 亚洲国产第一区 | 成人p站在线观看 | 日韩欧美亚洲综合 | av片在线观看免费 | 久久成人福利 | 偷拍在线视频 | 国产精品免费一区二区三区 | 免费看黄网站在线观看 | 亚洲影视一区二区三区 | 成人小视频免费观看 | 超碰在线成人 | 国产视频一区在线播放 | 久久久免费精品视频 | 精品国产乱码久久久久久蜜臀网站 | 国产视频久久久久 | 一区二区视频免费在线观看 | 亚洲视频一区 |