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Ever since this year, Shenzhen Stock Exchange (SZSE) paid close attention to the issues such as reduction of non-tradable shares through bulk transaction, ‘clearance-type reduction’ by some shareholders, non standardized information disclosure regarding share reduction, and SZSE constantly strengthen the supervision on relevant information disclosure, enhance the frontline supervision. Recently, SZSE sorted and probed into the series of new issues of share reduction by the shareholders, directors, supervisors and senior management of the listed companies, got prepared for further improvement of relevant rules and regulations, and enhanced the frontline supervision.
After the release of the revised related regulations by China Securities Regulatory Commission(CSRC) on share reduction, SZSE will formulate the relevant implementation rules as soon as possible, push forward the implementation of regulation on supervision of share reduction, further regulate the share reduction behavior of the shareholders, directors, supervisors and senior management of listed company, maintain the market order, and protect the legitimate rights and interests of vast small-and-medium size investors.
