Capital Markets

• Bond Issuance by Securities Companies: A New Beginning

  By Mao Baigen & Thomas Wang, Pu Dong Law Office, ShanghaiThe China Security Regulatory Commission (CSRC) recently promulgated the Administration of…

  October 02, 2003

• China Securities Regulatory Commission, Further Regulation of Work Related to Initial Public Offerings and Listings Circular

  中国证券监督管理委员会关于进一步规范股票首次发行上市有关工作的通知

  Issued: September 19 2003Effective: October 1 2003Main contents: The Circular imposes more requirements for initial public offerings. For example, from…

  October 02, 2003

• China Securities Regulatory Commission, Contents and Formats for Information Disclosure by Companies That Offer Shares to the Public Guidelines (No.20): Application Documents for Issuing Bonds by Securities Companies

  中国证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20号－证券公司发行债券申请文件

  Issued: August 29 2003Effective: October 8 2003Main contents: Securities companies applying for issue of bonds should comply with the Guidelines to prepare…

  October 02, 2003

• China Securities Regulatory Commission and State-owned Assets Supervision and Administration Commission of the State Council, Several Issues Concerning the Regulation of Cash Flows Between Listed Companies and Their Affiliates and Security Provided to Outside Parties by Listed Companies Circular

  中国证券监督管理委员会、国务院国有资产监督管理委员会关于规范上市公司与关联方资金往来及上市公司对外担保若干问题的通知

  Issued: August 28 2003Effective: as of date of issueMain contents: The Circular restricts the appropriation of funds of listed companies for one's own…

  October 02, 2003

• China Securities Regulatory Commission, Contents and Formats for Information Disclosure by Companies That Offer Shares to the Public Guidelines (No.21): Prospectuses for Public Issue of Bonds by Securities Companies

  中国证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21号－证券公司公开发行债券募集说明书

  Issued: August 29 2003Effective: October 8 2003Main contents: Securities companies applying for public issue of bonds must prepare a prospectus and a summary…

  October 02, 2003

• China Securities Regulatory Commission, Issue of Credit Rating Reports by Credit Rating Institutions on Securities Company Bonds Guidelines

  中国证券监督管理委员会资信评级机构出具证券公司债券信用评级报告准则

  Issued: August 29 2003Effective: October 8 2003Main contents: Before issuing the report, the institution must carry out due diligence and confirm that…

  October 02, 2003

• China Securities Regulatory Commission, Contents and Formats for Information Disclosure by Companies That Offer Shares to the Public Guidelines (No.22): Securities Company Bonds Listing Announcements

  中国证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22号－证券公司债券上市公告书

  Issued: August 29 2003Effective: October 8 2003Main contents: Securities companies issuing bonds to the public must prepare a listing announcement prior…

  October 02, 2003

• China Securities Regulatory Commission, Information Disclosure of Private Issue of Bonds by Securities Companies Guidelines

  中国证券监督管理委员会证券公司定向发行债券信息披露准则

  Issued: August 29 2003Effective: October 8 2003Main contents: The issuer should ensure that qualified investors who participate in the subscription or…

  October 02, 2003

• Other Recent Legislation for this Month

  National LegislationRailway and RoadsAdministration of the Construction of Railroads Procedures 铁路建设管理办法L4400/03.07.31Asset ValuationAppraisal…

  October 02, 2003

• Further Regulation of Work Related to Initial Public Offerings and Listings Circular

  关于进一步规范股票首次发行上市有关工作的通知

  A circular on the administration and requirements of initial public offerings or listing of shares by companies limited by shares.

  October 02, 2003