China Securities Regulatory Commission, Rules for the Establishment of Securities Companies with Foreign Equity Participation (Revised)
中国证券监督管理委员会外资参股证券公司设立规则 (修订)
Foreign investors allowed wider access to securities joint ventures.
Date:
February 2008
CLP Reference: 3700/07.12.28 (1)
PRC Reference: 证监会令第52号
Promulgated: 28 December 2007
Effective: 01 January 2008
Keywords (click to search): [securities company] [foreign investor] [foreign equity participation] [securities joint venture] [securities JV] [foreign securities firm]
Promulgated: December 28 2007
Effective: January 1 2008
Main Contents: According to the revised rules, a foreign investor may, in accordance with the law, acquire shares of a listed Chinese-invested securities company through securities transactions on a stock exchange, or establish a relationship of strategic cooperation with a listed Chinese-invested securities company and, with the approval of the CSRC, hold shares of such company, and in neither case shall the approved scope of business of the listed Chinese-invested securities company change. Provided that the controlling shareholder is a Chinese-invested shareholder, a listed Chinese-invested securities company shall not be subject to the restriction that requires the shareholding percentage of at least one Chinese-invested shareholder to be not less than one-third.
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