CSRS considers rules to extend ban on sales by major shareholders

The China Securities Regulatory Commission is considering rules “to regulate share sales by major shareholders and senior executives in listed companies” which could make it harder to sell stocks after a precipitous fall by Chinese equities on Monday triggered the mainland stock market’s new circuit-breaker function, ending the first trading day of the year early, South China Morning Post reported, citing a statement published to the commission’s website. Friday will mark the end of a half-year ban on share sales by major shareholders and senior executives imposed by the CSRC on July 8 to stop the summer’s rally-turned-rout.