According to Article 43 of the Securities Law of People's Republic of China (PRC), employees of stock exchanges, securities companies, securities registration and settlement institutions, staff of securities supervision and administration institutions, and other personnel prohibited from participating in stock trading by laws and administrative regulations are not allowed to hold, buy or sell stocks directly or under a pseudonym or in the name of others during their term of office or within the statutory time limit, nor are they allowed to accept stocks donated by others. When becoming a person listed in the preceding paragraph, the shares already held by him must be transferred according to law.
Extended data:
Article 86 of the Securities Law of People's Republic of China (PRC) * * * When an investor holds or jointly holds 5% of the issued shares of a listed company through securities trading in a stock exchange, through agreement or other arrangements, it shall, within three days from the date of this fact, make a written report to the the State Council securities regulatory agency and the stock exchange, notify the listed company and make an announcement; During the above period, the shares of the listed company shall not be traded again.
After an investor holds or shares 5% of the issued shares of a listed company with others through agreement or other arrangements, it shall make a declaration and announcement in accordance with the provisions of the preceding paragraph for each increase or decrease in the proportion of the issued shares of the listed company. During the reporting period and within two days after making the report and announcement, the shares of listed companies shall not be traded again.
Baidu Encyclopedia-People's Republic of China (PRC) Securities Law