Capital Markets

From September 8 2006, share swaps will be allowed instead of cash payment when foreign companies merge with or acquire PRC companies, according to the…

Issued: May 28 2006Main contents: The Circular specifies the procedures for foreign-invested banks applying to engage in the provision of overseas financial…

Issued: August 14 2006Effective: as of date of issueMain contents: Fund management companies shall provide for risk reserves from their fund management…

Listed state-owned enterprises (SOEs) present strategic foreign investors with attractive investment opportunities, as they seem to have a pricing advantage and better corporate governance compared with domestic private companies. However, what challenges are involved in acquiring a minority stake in a listed SOE?

After about three weeks of not taking initial public offering (IPO) proposals, the official Xinhua news agency reports that the China Securities Regulatory…

Issued: July 6 2006Effective: as of date of issueMain contents: Money brokers shall, prior to entering the interbank market to engage in brokerage business,…

Under the revisedMeasures for the Administration of the Takeover of Listed Companies(上市公司收购管理办法), which becomes effective on September…

Promulgated: June 5 2006Effective: July 1 2006Interpreting authority: Shanghai Stock ExchangeApplicability: The term "internal controls" refers to the…

The China Securities Regulatory Commission (CSRC) has issued new regulations that will require China's securities companies to keep their capital provisions,…