Global investors seek clarity on China ‘short swing’ rule
Fund managers seek clear exemption from single-stock exposure that could curb China growth plans
The world’s largest asset managers are seeking to clarify their exemption from a rule that limits permitted exposure to a single Chinese company – and trips up momentum among global investors to increase their exposure to China’s equity markets.
At issue is China’s short-swing profit rule, which prevents any asset manager with more than 5% of a mainland China company from selling its stock in that company less than six months after acquisition. The rule is designed to prevent stakeholders
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