Beijing exchange suspends share reduction by major shareholders of listed companies

  • Said its to avoid dulling market excitement

Reuters with the info citing unnamed sources. three people familiar:

  • Beijing Stock Exchange has asked major shareholders of listed companies not to reduce holdings even if they are eligible to do so
  • for fear that a surge in stake-selling "could dull market excitement"

Reuters added:

  • Neither the Beijing exchange nor the China Securities Regulatory Commission immediately replied to requests for comment
shanghai composite 27 November 2023

Shanghai Composite

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