SFC big moves to block illegal throw executives shares.

<P>: Http:// hearing, the reporter learned from relevant sources, senior executives of listed companies in order to avoid the phenomenon of illegal selling shares again, the CSRC and the exchanges, registration and settlement companies will work together from the system, technically the "ban .. " .China Securities Regulatory Commission is preparing to introduce a relevant directors, supervisors and senior management changes in ownership rules, the rules will be selling "25%" a clear definition of the base. .Shanghai Stock Exchange with China Depository and Clearing Corporation Shanghai Company agreed to register the company back through the system, directors, supervisors and senior executives holding the lock, through technical means, to sell no longer appear disproportionately. .</ P> <P> "disproportionately from selling technology to achieve that goal no longer appears the prerequisite is the need of each listed company executives must be accurately reported information, and holding online information, it may cause the lock stock .No lock, lock stock should not be locked. "SSE said the relevant departments. .</ P> <P> learned, to strengthen the listed company directors, supervisors and senior managers hold shares of the company changes control, the SSE Department recently issued several listed companies in the relevant circular, reaffirmed listed company directors, supervisors, .senior management of shares held by the transfer by law and requires listed companies directors, supervisors and executives, and a change in shareholdings change, the timely submission of written materials and online information online updates. .For online updates of the company is not timely, the SSE will be the company secretaries to be severely dealt with, if necessary, will be publicly reprimanded or suggested that the company replace the Deputy General Manager of the punishment. .</ P> <P> person in charge of the Listing Division of the SSE, Recent times, the SSE began to directors of listed companies, supervisors, senior management changes in shares of the Company to conduct spot checks, random process, the transaction .The company found that some online content updates are not timely or reporting the truth. .For instance, some company directors, supervisors and executives have been replaced, but the online reservation is the original data, information, failure to make timely online updates. .Individual company directors or have left more than six months, but the online data has shown that the person remains a director. .These false information not only convey misleading information to investors, but also caused great inconvenience to the regulation, in particular, led to the verification and supervision departments Exchanges directors, supervisors, executives often when ownership changes, based on information in the wrong. .</ P>.