By Christophe Han and Wayne Chen, Llinks Law Office, Shanghai
The China Securities Regulatory Commission's (CSRC's) launch on April 29 2005 of Issues Relevant to Pilot Reform Projects Regarding the Separation of Equity Ownership and Trading Rights of Listed Companies Circular (关于上市公司股权分置改革试点有关问题的通知)(Pilot Reform Projects), regarding the release of non-tradable

