The sponsorship system in the PRC was established when the Securities Law was promulgated in 2001, and was developed when the Interim Measures for the Administration of the Sponsorship for Issuance and Trading of Securities(Interim Measures) were promulgated in 2003.
More regulation of securities sponsors
The Chinese capital markers have developed rapidly and sponsorship activities have increased. New Measures for the administration of securities sponsorship aim to fix the weaknesses in the previous legal framework. They will have a significant impact on sponsoring companies and their legal advisers. By Christophe Han and Patrick Chen, Llinks Law Offices, Shanghai.
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