New regulations on short-term trading supervision released, clarifying the calculation method for holdings of directors, supervisors, and senior management

WealthCoffee · 2026-03-07T00:32:35+00:00

The China Securities Regulatory Commission issued the "Regulations on Short-Term Trading Supervision" on March 6, which will take effect on April 7. The regulations clarify the supervision of short-term trading by major shareholders and senior executives, defining short-term trading as buying and selling activities within six months by investors with specific identities.

WealthCoffee

2026-03-07 00:32:35

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Caixin March 6 — The China Securities Regulatory Commission (CSRC) issued the “Regulations on Short-Term Trading Supervision” (hereinafter referred to as the “Regulations”), which will take effect on April 7. Based on a comprehensive review of domestic and international legislation, judicial practices, and regulatory practices, the Regulations further clarify the supervisory arrangements concerning short-term trading by major shareholders, directors, supervisors, and senior management.

Short-term trading refers to the behavior of specific identity investors buying and then selling within six months, or selling and then buying again within six months of the same listed company or securities of companies traded on other national securities trading venues approved by the State Council (hereinafter referred to as “New Third Board listed companies”). The Regulations also define specific identity investors as shareholders holding more than 5% of the shares of listed companies or New Third Board listed companies, as well as directors, supervisors, and senior management of these companies.

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