BIZCHINA / Biz Media Digest
Securities: New rules on share sales
(China Daily)
Updated: 2007-03-21 10:53
China's securities regulator has barred companies from using the proceeds
of share sales to invest in stocks, in an attempt to damp down
overheating financial markets.
Companies are also banned from buying derivatives and convertible bonds
with share sale proceeds, the China Securities Regulatory Commission said
in a statement. The Beijing-based regulator said it would monitor
companies more closely.
(For more biz stories, please visit Industry Updates)
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