Date
23 November 2017

China tightens investment rules for fund workers, paper says

Fund employees and their spouses and relatives will have to hold securities for set periods specified by fund managers under tighter official guidelines, the China Securities Journal reported Tuesday, citing the Asset Management Association of China. Fund workers and their families will need higher approval to sell the assets before the lock-up period expires, it said. In principle, they should hold securities for at least three months, the report said.

– Contact HKEJ at [email protected]

KZ/MY/SK

 

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