Chinese Regulator Applauds Warren Buffett's Long-Term Approach
China's top securities regulator has become a surprising addition to the chorus of voices praising Warren Buffett, after the legendary investor announced his plan to step down as chief executive of Berkshire Hathaway Inc.
Buffett is retiring as CEO 'but the fundamental principles of long-term value investing, rational investment, and striving to reward investors will never retire,' Wu Qing, chairman of the China Securities Regulatory Commission, said during a press conference in Beijing on Wednesday.
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FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the 'Code') 1. KEY INFORMATION (a) Full name of discloser: Man Group PLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree American Axle & Manufacturing Holdings, Inc. 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