China Securities Regulatory Commission, Provisions on Issues Relevant to Changes in the Registered Capital or Equity of Futures Companies

Main contents: If a legal person in China in which an overseas investor has a direct or indirect equity interest (including where, through the company's articles of association, an agreement, arrangement, etc., it can have an effect or exercise control) proposes to acquire an equity stake in a futures company, based on a calculation of equity interest or voting rights penetration, the percentage of the equity interest or voting rights in the futures company indirectly held by any one overseas investor shall be less than 5%, and if it has affiliates, their percentages shall be counted together (Article 7).