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

   

Rules target insider trading at state firms

(AFP)
Updated: 2007-02-05 14:00

SHANGHAI - China's securities regulator is tightening its rules against insider trading by executives of state-owned listed firms, state media has reported.

The tougher approach comes after some senior executives sold shares in their companies in larger numbers or at a faster pace than allowed by the rules, the China Securities Journal said, citing an unnamed securities oversight official.

"The agency has looked into the violations and taken regulatory action accordingly," said the official from the China Securities Regulatory Commission (CSRC), without elaborating.

"The board of directors of listed firms should correct any such wrongdoing immediately," the official warned.

The oversight body has drafted new rules to better regulate the trading of equities in listed firms by senior company executives, the newspaper said.

It did not provide details about the new regulations which will be released soon but added that a technology platform and operating system that will provide oversight has been completed.

Most of China's listed firms were once state-owned and in many the state still retains a controlling stake.

Current regulations stipulate that top company officials must not transfer more than a quarter of their total shareholdings in their firm in each year of their tenure.

Executives are also subject to a one-year lock-up period after the listing of the firm's shares and cannot transfer stock in the company within half a year of stepping down from their post.

If officers who own five percent of a listed firm carry out a transaction within six months after buying or selling, the gains they make will belong to the company.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
稻城县| 泸定县| 南投县| 长宁区| 芦溪县| 宁津县| 利津县| 依安县| 宝坻区| 民勤县| 贡觉县| 大理市| 博乐市| 思南县| 莱阳市| 宝应县| 乐都县| 镇平县| 安泽县| 普安县| 芜湖县| 隆子县| 靖江市| 文山县| 启东市| 石家庄市| 外汇| 信宜市| 阜阳市| 维西| 清流县| 清镇市| 乌兰浩特市| 容城县| 淮滨县| 西安市| 长海县| 固镇县| 合山市| 奎屯市| 登封市|