Disclosure Rules for Shareholding Changes

November 30, 2002 | BY

clpstaff &clp articles

Pu Dong Law OfficeOn September 28 2002, the China Securities Regulatory Commission (CSRC) published the Administration of Disclosure of Information on…

Pu Dong Law Office

On September 28 2002, the China Securities Regulatory Commission (CSRC) published the Administration of Disclosure of Information on the Change of Shareholdings in Listed Companies Procedures (Disclosure Procedures) concurrently with the Administration of the Takeover of Listed Companies Procedures (Takeover Procedures), and both became effective December 1 2002. The Disclosure Procedures give systematic and detailed provisions on information disclosure in the shareholding structure of PRC listed companies. We hope this law indicates one aspect of the Chinese capital markets are coming of age, with more standardized and orderly disclosure requirements introduced for acquisitions.

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