The sign of Beijing Stock Exchange is seen at its entrance during an organised media tour, in Beijing, China February 17, 2022.
A "major shareholder" is one with a stake of 5% or more and is required to make a public filing with the relevant stock exchange before selling shares, according to rules for China's bourses.
The Beijing exchange has been rejecting those filings, said the people who were not authorised to speak to media and declined to be identified.
The Beijing exchange and the China Securities Regulatory Commission did not immediately reply to requests for comment.
The Beijing bourse currently houses 232 listed companies with a combined market capitalisation of 366 billion yuan ($50 billion).
Persons:
Florence, Edwina Gibbs
Organizations:
Beijing Stock Exchange, REUTERS, Rights, bourse, China Securities Regulatory Commission, Beijing bourse, Shanghai bourse, Thomson
Locations:
Beijing, China, Rights SHANGHAI, BEIJING, Shanghai, Shenzhen