Capital Markets

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.

CSRC has released a new circular which governs spin-off listings of subsidiaries of A share-listed companies.

National LegislationBankingAdministration of Issue of Subordinated Debt by Commercial Banks Procedures 商业银行次级债券发行管理办法 …

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…

By John A. Cahill and Vivien [email protected]@paulhastings.comThis month we will take a look at how US structured finance techniques…

Further implements the abolition of certain CSRC administrative examination and approval requirements.

Promulgated: June 8 2004Effective: July 1 2004Main contents: The Procedures stipulate that parties with an obligation to disclose information of a securities…