The China Securities Regulatory Commission (the CSRC, China's securities regulatory body), issued the Establishment of Securities Companies with Foreign Equity Participation Rules (the Securities JV Rules or the Rules) on June 1 2002. The Rules set out the conditions and procedures for the establishment of Chinese-foreign securities joint venture companies and they represent a limited opening up of China's securities industry to foreign investors.
Issued: April 16 2002Main contents: The Guidelines list the conditions that a company proposing to offer shares will not violate the Company Law even if…
Issued: May 28 2002Main contents: The Guidelines stipulate that the accumulative external investments (including the investment capital raised by the current…