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Issues Relevant to Regulating Offshore Listing of Subsidiaries of Domestic Listed Companies Circular
关于规范境内上市公司所属企业到境外上市有关问题的通知

The Circular provides eight qualifications that a listed parent company must meet, and adopts a mechanism to ensure the independent listing status and continuous profitability of the listed parent company after the spin-off.

《通知》给出了上市公司安排子公司到境外上市的八个条件,并制定相应机制,确保上市公司在分拆后能维持其上市地位和盈利能力。

Issue: September 2004

CLP Reference: 3710/04.07.21

Promulgated: 21 July 2004

Keywords (click to search): [overseas spin-off] [offshore spin-off listing] [overseas listing] [spin-off investment] [divestiture strategy] [sale or distribution of new shares of parent company] [A-share listed companies] [separate offshore listing] [offshore division spin-off]

(Issued by the China Securities Regulatory Commission on July 21 2004.)

(中国证券监督管理委员会于二零零四年七月二十一日印发。)


Zheng Jian Fa [2004] No. 67

证监发[2004]67 号


To all listed companies

各上市公司:


In accordance with the Company Law, the Securities Law, the State Council, Companies Limited by Shares Issuing Shares and Seeking a Listing Outside China Special Provisions, and other laws and administrative regulations, we hereby notify the following with regard to issues relevant to regulating the offshore listing of subsidiaries of domestic listed companies (hereafter, Listed Companies):

根据《公司法》、《证券法》、《国务院关于股份有限公司境外募集股份及上市的特别规定》等法律、行政法规的规定,现就规范境内上市公司(以下简称“上市公司”)所属企业到境外上市有关问题通知如下:



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