The Securities Law of China requires holders of 5% or more of a target's stock to disclose this holding within three days of attaining that position.

Question

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According to the Securities Law of China, any investor who accumulates 5% or more of a listed company's shares is required to report this holding to the securities regulatory authority and the company itself within three days, and to disclose it to the public. This requirement is aimed at ensuring transparency and fairness in the securities market.

The Securities Law of China Requires Holders of 5% or More