New Regulations on State-owned Assets Transfer
October 02, 2004 | BY
clpstaff &clp articlesGuideline for the issuance, investment ratio, investment term, risk control and compliance procedures in relation to insurance company's subordinated debt investment.
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By Lefan Gong
China's accession to the WTO reflects its commitment to the further opening of its domestic market for foreign investors, including those sectors traditionally reserved for state-owned enterprises (SOEs). This commitment, together with China's privatization initiatives, has been bringing about many opportunities for cross border mergers and acquisitions involving SOEs.
On August 25 2004, the State Council State-owned Assets Supervision and Administration Commission (SASAC) issued the Issues Relevant to Assignment of Enterprise State-owned Assets and Equity Circular (国务院国有资产管理委员会关于企业国有产权转让有关问题的通知)(the Circular). The Circular is intended to clarify certain issues in