Executives dump own firms' shares

Big sell-offs lead analysts to question reasons behind trades

Senior executives and large shareholders of listed companies have been dumping shares in their own firms which could have exacerbated the current selling pressure on the market, prompting fears of possible malpractices or insider trading.

As of June 17, 1,234 listed companies had seen their executives and large shareholders reduce holdings worth 477.2 billion yuan ($77.2 billion) since the beginning of the year.