China Securities Regulatory Commission, Tentative Measures for the Administration of Reductions in Shareholdings by Shareholders of Listed Companies
中国证券监督管理委员会上市公司股东减持股份管理暂行办法
June 12, 2024 | BY
Susan MokThe shareholders of a listed company may not lend shares through refinancing or short sell shares of the company during the lockup period
Promulgated: May 24, 2024
Effective: as of date of promulgation
Main contents: These Measures shall govern reductions in the shareholdings of shareholders holding at least 5% of the shares, the de facto controller (hereinafter collectively referred to as "Major Shareholders"), directors, supervisors and senior executives of a listed company, as well as reductions by other shareholders of holdings of those shares issued by the company prior to its initial public offering (Article 2).
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