Investors who work in government entities that have security or regulatory functions, or who have relatives who do, are banned from buying certain stocks, Ma Senshu, official of the Central Commission for Disciplinary Inspection (CCDI) said on Monday
First, employees at public firms and government bodies that oversee them, and who have access to confidential information, are forbidden to buy shares in companies overseen by their employers. The ban also applies to their parents, spouses, children and their children's spouses, Ma said.
Second, employees of China's cabinet State Council's securities regulatory agencies and stock exchanges, and their family members, are not allowed to buy stocks.
Third, government officials who have relatives working at securities or fund management companies, or in accounting, law, consultant, or asset and credit appraisal firms accredited by the State Council's securities regulatory agencies, are not allowed to buy stakes in any firms that are related to those companies.
Fourth, government officials who have inside information are subject to these rules for three months after leaving their positions, and new government officials who will receive inside information must sell their shares in a month.
