State-owned Assets Supervision and Administration Commission of the State Council and China Securities Regulatory Commission, Tentative Measures for the Administration of the Transfer of Shares of Listed Companies Held by State-owned Shareholders
国务院国有资产监督管理委员会、中国证券监督管理委员会国有股东转让所持上市公司股份管理暂行办法
Shares of listed companies held by state-owned shareholders transferred according to the market price.
Date:
July 2007
CLP Reference: 2140/07.06.30
Promulgated: 30 June 2007
Effective: 01 July 2007
Keywords (click to search): [share segmentation reform] [non-tradable shares] [reduce state-owned shareholding] [SOE mergers and acquisitions]
Shares of listed companies held by state-owned shareholders transferred according to the market price.
Promulgated: June 30 2007
Effective: July 1 2007
Applicability: The term "state-owned shareholders" refers to state-owned and state-controlled enterprises, relevant organizations, departments and institutions that hold shares of listed companies (Article 2).
The Measures apply to state-owned shareholders that transfer the shares of listed companies that they hold through a securities trading system or by way of agreement, or that transfer such shares without consideration or indirectly. The transfer of shares of listed companies held by securities companies and fund management companies dedicated to securities business that are wholly state-owned or state-controlled shall be handled according to the relevant provisions (Article 3).
Main Contents: A state-controlled shareholder shall make the decision to transfer shares of a listed company through a securities trading system in accordance with its internal decision-making procedure and file a record with the...
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