Legal Basis 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 who are prohibited from participating in stock trading by laws and administrative regulations may not hold or buy or sell stocks directly or under a pseudonym or in the name of others, nor may they accept stocks donated by others during their term of office or within the statutory time limit. When becoming a person listed in the preceding paragraph, the shares already held by him must be transferred according to law.
Article 45 Securities service institutions and personnel who issue audit reports, asset appraisal reports or legal opinions for stock issuance shall not buy or sell the stock during the underwriting period and within six months after the expiration. In addition to the provisions of the preceding paragraph, securities service institutions and personnel who issue audit reports, asset appraisal reports or legal opinions for listed companies shall not buy or sell such stocks within five days from the date of accepting the entrustment of listed companies to the date of publication of the above documents.
The securities traded by the parties to the extended information securities trading must be issued and delivered according to law, and the securities that are not issued according to law may not be traded.
Stocks, corporate bonds and other securities issued in accordance with the law shall not be traded within a limited period if the transfer period is limited by law.
Stocks, corporate bonds and other securities that are publicly issued according to law shall be listed and traded on a legally established stock exchange or transferred at other stock exchange sites approved by the State Council.
When securities are listed and traded on the stock exchange, it shall adopt the open centralized trading method or other methods approved by the the State Council Securities Regulatory Authority.
The securities traded by the parties to a securities transaction may be in paper form or in other forms as stipulated by the the State Council Securities Regulatory Authority.
Securities trading shall be conducted in spot and other ways stipulated by the State Council.
Baidu Encyclopedia-People's Republic of China (PRC) Securities Law