Apr 27, 2024 05:09 AM
FINANCE
CSRC Toughens Restriction on Ex-Employees’ Investment
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The rules toughen investment restrictions on former securities regulatory staff
China’s top securities regulator is introducing new rules to tighten scrutiny of its former employees’ investment activities as it increases capital market supervision.
The China Securities Regulatory Commission (CSRC) Friday issued a set of draft regulations governing its former officials. According to the new rules, former employees of securities regulatory departments will be banned from investing in pre-IPO companies for up to 10 years after their departure.
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