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The China Securities Regulatory Commission has revised some provisions of the Rules for Share Repurchase of Listed Companies and the Rules for the Management of the Shares of the Company Held by Directors, Supervisors and Senior Management of Listed Companies and Their Changes, and is now open to the public for comments. With changes in the market environment and diversified demands of market players, the conditions for some share repurchases are relatively strict, and the convenience of implementation is not enough. Share repurchase has not yet become a long-term mechanism for maintaining the value of listed companies. In order to further enhance the inclusiveness of the repurchase system and the convenience of implementation, and in light of the actual situation, this revision has optimized and improved some provisions of the “Repurchase Rules” on repurchase conditions. At the same time, in order to facilitate the directors, supervisors and senior executives of listed companies to increase their shareholdings in accordance with laws and regulations, and to convey to the market their confidence in the company’s long-term investment value, this revision makes changes to the “window period” prohibiting transactions in the “Rules on Changes in Shareholdings of Directors, Supervisors and Senior Management”. optimized adjustment. (Securities Times)
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