China regulator tightens scrutiny on ex-employees' investment in pre-IPO firms

China regulator tightens scrutiny on ex-employees' investment in pre-IPO firms

FILE PHOTO: A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. REUTERS/Tingshu Wang/File Photo

China‘s securities regulator said on Friday that it would tighten scrutiny on its former employees’ investments in pre-IPO companies, a move that signals the regulator‘s commitment to maintain market integrity.

The China Securities Regulatory Commission’s (CSRC) draft rules also expanded the scope of the regulation to relatives of its former employees.

Reuters

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