Capital Markets

• China Securities Regulatory Commission, Contents and Formats for Information Disclosures by Companies That Offer Securities to the Public Guidelines (No.11): Prospectus for the Offer of New Shares by Listed Companies (Revised in 2003)

  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11号–上市公司发行新股招股说明书(2003年修订)

  Issued: March 24 2003Effective: as of date of issueMain contents: Article 2 of the Guidelines is amended to require a summary of the prospectus for the…

  May 02, 2003

• Supplementary Rules for Listing Suspension and Termination

  By Mao Baigen & Roland Sun, Pu Dong Law Office, ShanghaiAt the end of 2001, the China Securities Regulatory Commission (CSRC) issued rules that outlined…

  May 02, 2003

• China Securities Regulatory Commission, Statement by a CSRC Spokesperson on Issues Relevant to the Administration of Securities Investments in China by Qualified Foreign Institutional Investors

  中国证监会发言人就合格境外机构投资者境内证券投资管理有关问题的谈话

  Issued: March 19 2003Main contents: The Statement further details on the application documents required for the status of a qualified institutional investor…

  May 02, 2003

• Shanghai Stock Exchange, Issues Relevant to the Strengthening of Risk Warning, Etc. Regarding Companies under the Risk of Termination of Share Listing Circular

  上海证券交易所关于对存在股票终止上市风险的公司加强风险警示等有关问题的通知

  Issued: April 3 2003Effective: May 8 2003Main contents: The Exchange will impose special treatment to shares of companies under the risk of termination…

  May 02, 2003

• Shenzhen Stock Exchange, Issues Relevant to the Strengthening of Risk Warning, Etc. Regarding Companies under the Risk of Termination of Share Listing Circular

  深圳证券交易所关于对存在股票终止上市风险的公司加强风险警示等有关问题的通知

  Issued: April 3 2003Effective: May 8 2003Main contents: Please see the digest on the Shanghai Stock Exchange, Issues Relevant to the Strengthening of Risk…

  May 02, 2003

• MOFTEC's Swansong: Easing Restrictions on PRC Holding Companies

  Foreign-invested holding companies in the PRC have had a chequered history. Among MOFTEC's last big pieces of legislation are rules that make some positive changes in this area.

  May 02, 2003

• China Securities Regulatory Commission, Contents and Formats for Information Disclosures by Companies That Offer Securities to the Public Guidelines (No.13): Prospectuses for Offering of Convertible Bonds (Revised in 2003)

  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13号–可转换公司债券募集说明书(2003年修订)

  Issued: March 24 2003Effective: as of date of issueInterpreting authority: China Securities Regulatory CommissionMain contents: The valid period of a prospectus…

  May 02, 2003

• China Insurance Regulatory Commission, Questions Relevant to External Investment of Insurance Intermediaries Official Reply

  中国保险监督管理委员会关于保险中介机构对外投资有关问题的批复

  Registered capital requirements for insurance intermediaries to carry out external equity investment.

  March 31, 2003

• Ministry of Foreign Trade and Economic Cooperation, State Administration of Taxation, State Administration for Industry and Commerce and State Administration of Foreign Exchange, Acquisition of Domestic Enterprises by Foreign Investors Tentative Provisions

  对外贸易经济合作部、国家税务总局、国家工商行政管理总局、国家外汇管理局外国投资者并购境内企业暂行规定

  New rules for the acquisition of domestic firms by foreign investors have recently been issued, and constitute one of the most important legislative developments affecting foreign parties in China this year.

  March 31, 2003

• State Administration of Foreign Exchange, Issues Relevant to Improving Foreign Exchange Control on Foreign Direct Investment Circular

  国家外汇管理局关于完善外商直接投资外汇管理工作有关问题的通知

  Procedural guideline as to various channels of foreign investment into the Chinese market.

  March 31, 2003