Changing the Shareholdings of Fund Management Companies

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On December 26 2002 the China Securities Regulatory Commission (CSRC) promulgated the Issues Relevant to Standardization of the Transfer of Contributed…

On December 26 2002 the China Securities Regulatory Commission (CSRC) promulgated the Issues Relevant to Standardization of the Transfer of Contributed Capital by Fund Management Companies' Shareholders Circular (Share Transfer Circular). The Share Transfer Circular is based on the Issues Relevant to Material Changes of Fund Management Companies Circular (Material Changes Circular) promulgated in March 2002, and lays down more specific stipulations with respect to one of the most important changes affecting a fund management company: a shareholder's transfer of its contributed capital.

Requirements for the Transferee

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