Capital Markets

• Going Public: New Rules Allow Listing of FIEs

  Traditionally, foreign investment enterprises (FIEs) could only raise capital by means of bank loans and private equity placements. This restrictive capital-raising situation for foreign investment enterprises has now come to an end.

  December 31, 2001

• Other Recent Legislation for this Month

  National LegislationBankingPeople's Bank of China, Financial Rules and Normative Documents Decided to be Repealed Catalogue中国人民银行决定废止的一批金融规章和规范性文件目录…

  December 31, 2001

• China Securities Regulatory Commission, Several Questions Concerning Legal Compliance in the Provision of Securities Investment Consulting Services to the Public Circular

  中国证券监督管理委员会关于规范面向公众开展的证券投资咨询业务行为若干问题的通知

  Issued: October 15 2001Effective: as of date of issueMain contents: For the purpose of preventing illegal acts arising from conflicts of interests in securities…

  October 31, 2001

• China Securities Regulatory Commission, Several Opinions on the Implementation of the «Administration of Clients' Transaction Settlement Funds Procedures» Circular

  中国证券监督管理委员会关于执行《客户交易结算资金管理办法》若干意见的通知

  Issued: October 10 2001Main contents: The Circular adds details to the Administration of Client's Transaction Settlement Funds Procedures (the Procedures).…

  October 31, 2001

• China Securities Regulatory Commission, Strengthening the Administration of Legal Compliance in the Negotiated Transfer of Non-traded Shares of Listed Companies Circular

  中国证券监督管理委员会关于加强对上市公司非流通股协议转让活动规范管理的通知

  Issued: September 30 2001Main contents: The Circular is concerned with the recent illegal over-the-counter auction of non-traded shares and requests the…

  October 31, 2001

• Ministry of Foreign Trade and Economic Cooperation, Ministry of Finance and People's Bank of China, Absorption of Foreign Capital by Financial Asset Management Companies to Participate in Asset Restructuring and Disposal Tentative Provisions

  对外贸易经济合作部、财政部、中国人民银行金融资产管理公司吸收外资参与资产重组与处置的暂行规定

  Promulgated: October 26 2001Effective: as of date of promulgationApplicability: The Provisions are also applicable where Hong Kong, Macao and Taiwan investors…

  October 31, 2001

• Supreme People's Court, Several Questions on the Freezing and Auction of State-owned Shares and Private Legal Person Shares of Listed Companies Provisions

  最高人民法院关于冻结、拍卖上市公司国有股和社会法人股若干问题的规定

  Promulgated: September 21 2001Effective: September 30 2001Applicability: These Provisions are applicable where equity interests are subject to property…

  October 31, 2001

• Other Recent Legislation for this Month

  National LegislationConstitution and Legal SystemStanding Committee of the National People's Congress, Articles 228, 342 and 410 of the Interpretation全国人民代表大会常务委员会关于《中华人民共和国刑法》第228条、第342条、第410条的解释1430/01.08.31Environmental…

  October 31, 2001

• China Securities Regulatory Commission, Pilot Project for Over-allotment Options Opinion

  中国证券监督管理委员会超额配售选择权试点意见

  Issued: September 3 2001Effective: as of date of issueApplicability: For the purposes of the Opinion, "over-allotment option" means, in relation to a share…

  October 02, 2001

• Ministry of Foreign Trade and Economic Cooperation, Ministry of Science and Technology and State Administration for Industry and Commerce, Establishment of Foreign-funded Venture Investment Enterprises Tentative Provisions

  对外贸易经济合作部、科学技术部、国家工商行政管理总局关于设立外商投资创业投资企业的暂行规定

  Promulgated: August 28 2001Effective: September 1 2001Applicability: Venture investment is defined as an investment method consisting of equity investment,…

  October 02, 2001