SHANGHAI Jan 7 China's securities regulator
issued rules on Thursday to restrict share sales by listed
companies' major shareholders, saying the move will stabilise
market expectations but doesn't signal an imminent exit of the
"national team" of investors.
Major shareholders must not sell more than 1 percent of a
listed company's share capital through stock exchanges'
centralised bidding system every three months, according to the
rules published by the China Securities Regulatory Commission
that will take effect Jan. 9.
In addition, major shareholders must file their plans 15
trading days in advance of sales.
(Reporting by Samuel Shen and Pete Sweeney; Editing by