CSRC tightens grip on private placements

To boost transparency, China’s regulator has banned major A-share company shareholders from using asset management products to subscribe to private share placements.

CSRC tightens grip on private placements

China’s securities regulator has banned major shareholders from using asset management products to subscribe to private share placements, to help improve the transparency of domestic capital markets.

The China Securities Regulatory Commission's new window guidance, which will apply to all A-share listed companies, was given earlier this week to both domestic brokerage houses and foreign investment bank joint-venture securities firms, according to Chinese media reports and two Beijing-based investment bankers familiar with the...

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