28 Feb 2020
Q1: Can you brief us on the main background and rationale for making the rules?
A: For a long time, preventing and cracking down on insider trading has been the focus of regulation and law enforcement for the capital market. The declaration of insiders with inside information is not only an intrinsic requirement of the listed companies for internal control and information disclosure management, but also an important institutional arrangement for preventing and cracking down on insider trading. Earlier, the State Council, the China Securities Regulatory Commission (CSRC) and the Exchange issued rules on preventing and managing insider trading and declaring insiders with inside information. They have played an important role in guarding against and combating insider trading, maintaining market order, and purifying market environment.