Beijing bourse tells 'major shareholders' to refrain from selling | Reuters News Agency
Business & Finance

Beijing bourse tells ‘major shareholders’ to refrain from selling

Reuters exclusively reported that The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that such sales could douse a long-desired rally.  

Market Impact

The Beijing bourse currently houses 232 companies with a combined market capitalisation of 366 billion yuan ($50 billion). By comparison, the Shanghai bourse is home to 2,256 firms worth 47 trillion yuan in total, while almost 3,000 companies listed in Shenzhen have a total market capitalisation of 31.9 trillion yuan. The Shanghai Composite Index (.SSEC) is up 0.4% this month, while the Shenzhen Composite Index (.SZI) is down 0.8%. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Business & FinanceFinancial Services
Regions: Asia
Countries: China
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Customer Impact: Significant National Story
The sign of Beijing Stock Exchange is seen at its entrance during an organised media tour, in Beijing, China February 17, 2022. REUTERS/Florence Lo/File Photo
Sign up for email updates
Sign up for email updates