China Securities Regulatory Commission, Regulatory Guidelines for Listed Companies No.2 — Regulatory Requirements in Respect of Management and Use of Proceeds Raised by Listed Companies

中国证券监督管理委员会上市公司监管指引第2号——上市公司募集资金管理和使用的监管要求

February 07, 2013 | BY

clpstaff &clp articles

Idle proceeds allowed to be used to purchase investment products.

Promulgated: December 19 2012
Effective: as of date of promulgation

Main contents: The proceeds raised by listed companies that are provisionally idle may be invested in products that:

(i) are at a high safety level and satisfy the capital guarantee requirements, and the product issuing entity is able to provide an undertaking of capital guarantee; and

(ii) has good liquidity, and may not affect the normal operation of the investment plan for the proceeds.

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