Trial Provisions for the Establishment of Subsidiaries by Securities Companies

证券公司设立子公司试行规定

With the approval of the CSRC, a securities company may establish a wholly-owned subsidiary or, alternatively, invest in and establish a subsidiary together with another qualified investor.

(Issued by the China Securities Regulatory Commission on December 28 2007 and effective as of January 1 2008.)

Zheng Jian Ji Gou Zi [2007] No.345

(中国证券监督管理委员会于二零零七年十二月二十八日发布,自二零零八年一月一日起施行。)

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