The Opinions acknowledge the significance of vigorously development in the capital markets, outline reform ideologies, and provide directions for future liberalization.
The Circular provides eight qualifications that a listed parent company must meet, and adopts a mechanism to ensure the independent listing status and continuous profitability of the listed parent company after the spin-off.
New rules have been promulgated by the China Banking Regulatory Commission to oversee group finance companies. The regulatory body retains its assertive role in the finance sector.
Issued: June 15 2004Effective: July 1 2004Applicability: Where a fund of which shares of the fund are publicly sold, and record filing procedures are lawfully…
Issued: June 15 2004Effective: July 1 2004Applicability: Where a fund of which shares of the fund are publicly sold, and record filing procedures are lawfully…