Capital Markets

• Halfway to Effective Shareholder Protection

  False profit statements and other forms of misrepresentation have plagued China's securities markets for years. A new SPC regulation directs the government's efforts to clean up the markets.

  February 28, 2003

• Supreme People's Court, Trial of Civil Compensation Cases Arising from False Representation in the Securities Market Several Provisions

  最高人民法院关于审理证券市场因虚假陈述引发的民事赔偿案件的若干规定

  Promulgated: January 9 2003Effective: February 1 2003Applicability: "Investors" is defined as a natural person, legal person or other organization that…

  January 31, 2003

• China Securities Regulatory Commission, Issues Relevant to the Implementation of the «State Council, The First Batch of Items in Respect of which the Administrative Examination and Approval Requirements are to be Abolished Decision» Circular

  中国证券监督管理委员会关于贯彻落实《国务院关于取消第一批行政审批项目的决定》有关问题的通知

  Issued: December 23 2002Main contents: Appended to the Circular is a list detailing the items in respect of which examination requirements are to be abolished…

  January 31, 2003

• State Development Planning Commission, Ministry of Finance, State Administration of Foreign Exchange, Foreign Debt Administration Tentative Measures

  国家发展计划委员会、财政部、国家外汇管理局外债管理暂行办法

  Promulgated: January 8 2003Effective: March 1 2003Interpreting authority: State Development Planning Commission, Ministry of Finance and State Administration…

  January 31, 2003

• China Securities Regulatory Commission, Contents and Formats for Information Disclosures by Companies that Offer Securities to the Public Guidelines (No. 15): Change of Shareholdings in Listed Companies Report

  公开发行证券的公司信息披露内容与格式准则第15号上市公司股东持股变动报告书

  Issued: November 28 2002Effective: December 1 2002Interpreting authority: China Securities Regulatory CommissionApplicability: The Guidelines do not apply…

  January 31, 2003

• China Securities Regulatory Commission and Ministry of Foreign Trade and Economic Cooperation, Questions Relevant to the Implementation of the «Establishment of Securities Companies with Foreign Equity Participation Rules» and the «Establishment of Fund Management Companies with Foreign Equity Participation Rules» Circular

  中国证券监督管理委员会、对外贸易经济合作部关于实施《外资参股证券公司设立规则》和《外资参股基金管理公司设立规则》有关问题的通知

  Issued: November 18 2002Main contents: The Circular stipulates that establishment of securities companies or fund management companies with foreign equity…

  January 31, 2003

• How to Set-up a QFII Custodian Business

  In order to facilitate the implementation of the December 1 2002 Administration of Securities Investments in China by Qualified Institutional Investors…

  January 31, 2003

• China Securities Regulatory Commission, The First Batch of Items in Respect of which the Administrative Examination and Approval Requirements are to be Abolished Decision (32 Items) Notice

  中国证券监督管理委员会关于第一批取消行政审批项目 (32项) 的通告

  Issued: December 21 2002Main contents: Appended to the Notice is a list of administrative examinations and approvals that are no longer required, for instance:-…

  January 31, 2003

• Other Recent Legislation for this Month

  National LegislationAviation and AerospaceGeneral Aviation Control Regulations 通用航空飞行管制条例L4700/03.01.10BankingPeople's Bank of China,…

  January 31, 2003

• China Securities Regulatory Commission, Contents and Formats for Information Disclosures by Companies that Offer Securities to the Public Guidelines (No. 17): Takeover by Offer Report

  公开发行证券的公司信息披露内容与格式准则第17号要约收购报告书

  Issued: November 28 2002Effective: December 1 2002Interpreting authority: China Securities Regulatory CommissionApplicability: The Guidelines do not apply…

  January 31, 2003