Beijing Stock Exchange Informally Limits Share Sales to Prop Up Surging Market
• Beijing Stock Exchange has informally prevented major shareholders from selling stock to support prices
• This "window guidance" aims to protect recent 46% surge in the exchange's benchmark index
• The bourse was set up to fund small, innovative "little giants" but had lacked investor interest
• Recent measures like lowered account minimums, better trading mechanisms, mutual fund participation have boosted interest
• The China Securities Regulatory Commission did not comment on the informal policy