Andy Wong/AP
- Beijing's stock exchange is stopping major shareholders from selling stocks, Reuters reported.
- Sales are being blocked in a bid to sustain a market rally, sources told the news agency.
- The exchange's flagship index is up 46% this month, powered higher by pro-market government measures.
The Beijing Stock Exchange is stopping big shareholders from selling stocks in a bid to sustain a market rally, Reuters reported.
Under Chinese law, investors with a stake of 5% or more in a listed company must make a public filing before they can sell their shares. The exchange has been rejecting such filings, the outlet reported Monday, citing unnamed sources.