On January 9 2003, the PRC Supreme People's Court (the SPC) promulgated the Trial of Civil Damages Cases Arising from Misrepresentation in the Securities Market Several Provisions (关于审理证券市场因虚假陈述引发的民事赔偿案件的若干规定) (the Provisions), which entered into effect on February 1 2003. To a large extent, the Provisions
Halfway to Effective Shareholder Protection
False profit statements and other forms of misrepresentation have plagued China's securities markets for years. A new SPC regulation directs the government's efforts to clean up the markets.
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