Capital Markets

• China Securities Regulatory Commission, Guidelines for Contents and Formats for Information Disclosures by Companies That Offer Securities to the Public (No.1): Prospectuses (Amended in 2006)

  中国証券监督管理委員会公开发行证券的公司信息披露内容与格式准则第1号 招股说明书 2006年修订

  Promulgated: May 18 2006Effective: as of date of promulgationMain contents: The Guidelines are composed of:Part One: General ProvisionsPart Two: ProspectusesSection…

  July 02, 2006

• Measures for the Administration of Securities Offerings by Listed Companies

  上市公司证券发行管理办法

  In an attempt to clarify and modernize the PRC's regulations governing the public and private offerings of securities by listed companies, the Measures specified the three general requirements regarding the issuer's compliance record, profitability and accounting reports.

  July 02, 2006

• National Council for Social Security Fund, Tentative Provisions for the Administration of Overseas Investments by the National Social Security Fund

  全国社会保障基金理事会全国社会保障基金境外投资管理暂行规定

  Promulgated: April 28 2006Effective: May 1 2006Main contents: The Provisions comprise:Part One: General ProvisionsPart Two: NSSF Overseas Investment ManagersPart…

  June 02, 2006

• China Securities Regulatory Commission, Provisions for the Administration of Inspectors of Securities Investment Fund Management Companies

  中国証券监督管理委员会证券投资基金管理公司督察长管理规定

  Issued: May 8 2006Effective: as of date of issueApplicability: The term 'inspectors' means senior management personnel who supervise and inspect the compliance…

  June 02, 2006

• Other Recent Legislation for this Month

  National LegislationBANKINGGuidelines for Corporate Governance and Related Regulation of State-owned Commercial Banks国有商业银行公司治理及相关监管指引L3610/06.04.18CONSTITUTION…

  June 02, 2006

• China Securities Regulatory Commission, Guidelines for the Contents and Formats for Information Disclosures by Companies That Offer Securities to the Public (No.11): Prospectuses for Public Offers of Securities by Listed Companies

  中国証券监督管理委员会公开发行证券的公司信息披露内容与格式准则第11号 - 上市公司公开发行证券募集说明书

  Issued: May 8 2006Effective: as of date of issueInterpreting authority: China Securities Regulatory CommissionApplicability: Issuers compiling prospectuses…

  June 02, 2006

• China Securities Regulatory Commission, Guidelines for the Contents and Formats for Information Disclosures by Companies That Offer Securities to the Public (No.10): Application Documents for Public Offers of Securities by Listed Companies

  中国証券监督管理委员会公开发行证券的公司信息披露内容与格式准则第10号 - 上市公司公开发行证券申请文件

  Issued: May 8 2006Effective: as of date of issueMain contents: The catalogue of application documents appended to these Guidelines is the minimum requirement…

  June 02, 2006

• China Securities Regulatory Commission, Circular on Issues Relevant to Regulation of the Establishment of Fund Management Companies and Disposal of the Equity Interests

  中国証券监督管理委员会关于规范基金管理公司设立及股权处置有关问题的通知

  Issued: May 8 2006Effective: as of date of issueMain contents: Shareholders holding equity interests of a fund management company for less than one year…

  June 02, 2006

• Infrastructure Projects: A New Frontier for Insurance Funds Investment

  In an effort to widen insurers' investment options, insurance regulatory authorities have issued new rules launching a pilot programme allowing insurance companies to invest in infrastructure projects. Will the new laws provide a safe means to boost returns for China's insurance companies and their policyholders?

  June 02, 2006

• Paving the Yellow Brick Road: China's New Rules for Pension Funds'Overseas Investments

  In a bid to raise returns and diversify its portfolio, the PRC's National Social Security Fund has asked foreign institutions to apply to manage its billions of dollars in pension funds to be invested overseas. What type of investments are permitted and what mechanism has been put in place to safeguard the overseas management of the investment funds?

  June 02, 2006