New Rules on Equity Offerings: Lifting the Ban on China's Share Sales

New restrictions are in place on share offering, price floor and private placements in particular for foreign strategic investors. A new three-stage application process is introduced.

19 minute readJuly 02, 2006 at 12:58 AM

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By Jean-Marc Deschandol and Charles Desmeules, Norton Rose, Beijing

On April 26 2006, the China Securities Regulatory Commission (CSRC) promulgated the Measures for the Administration of Securities Offerings by Listed Companies (Measures), which became effective on May 8 2006.

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