2015-07-19

Chinese Insiders at 144 Firms Sold 40.3 Billion Yuan of Shares From June 15 to July 8

Chinese insiders at 144 firms sold 40.3 billion yuan worth of shares in the roughly three week crash. Wang Chuanfu (founder) of BYD was the largest seller, unloading 3.56 billion worth of his company's shares.
From the reduction of market capitalization, the BYD is chairman Wang holdings 5824 million shares, reducing market capitalization of 3.562 billion yuan, ranking first in the reduction of the market value of the list; Minsheng Bank by shareholders holdings 26190 million shares, reducing market capitalization of 2.669 billion yuan, ranking the second in the reduction of the market value of the list; Southwest Securities is the reduction of the shareholders 7119 million shares, reducing market capitalization of 1.737 billion yuan, reduction of market capitalization among the list of the third. In addition, Hanlan shares, Sheng Tun Mining, Western Securities, Kinwa four companies was reduced hold more than 1 billion yuan, Goertek, Tianye shares, a better Group, 81 companies were the reduction of the market value of more than billion.

To put the number into perspective: Business insiders in China are selling their shares at record pace (Barron's)
Total net insider selling reached 460 billion yuan in the first half this year, data provided by HSBC shows. Senior management or significant shareholders sold 145 billion yuan in May alone, followed by another 100 billion yuan in the first three weeks of June. Net insider selling has averaged 80 billion yuan per month so far, well above the 10 billion yuan seen in 2013 and 2014.

iFeng: 暴跌期间144家公司股东减持逾403亿元

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