Capital Markets

• Taking China's Asset Management to the Next Level

  中国资产管理行业进入新阶段

  Catherine Chen of Zhong Lun Law Firm discusses the recent developments affectingChina's investment fund schemes and private investment funds, the key compliancerequirements when advising on investment funds, how China's opening up of its financialmarkets affects hedge fund investment and the outlook for investment funds in 2019 中伦律师事务所的陈芳律师讨论了影响中国投资基金体系特别是私募投资基金的最新发展，提供投资基金法律服务时的主要合规要求，中国开放金融市场如何影响对冲基金投资，以及投资基金在2019年的前景

  December 20, 2018

  

• China Securities Regulatory Commission, Ministry of Finance and State-owned Assets Supervision and Administration Commission of the State Council, Opinions on Supporting Listed Companies in Buying Back Their Shares

  中国证券监督管理委员会、财政部、国务院国有资产监督管理委员会关于支持上市公司回购股份的意见

  Listed companies are encouraged to buy back their shares

  December 12, 2018

• China Securities Regulatory Commission, Guidelines for the Governance of Listed Companies

  中国证券监督管理委员会上市公司治理准则

  Institutional investors are encouraged to participate in corporate governance

  December 12, 2018

• Ministry of Finance and State Administration of Taxation, Circular on the Policy for Enterprise Income Tax and Value-added Tax on Investments in the Domestic Bond Market by Foreign Organizations

  财政部、税务总局关于境外机构投资境内债券市场企业所得税增值税政策的通知

  Foreign investors are offered tax exemption for bond investments

  December 12, 2018

• General Office of the National Development and Reform Commission, General Office of the People's Bank of China, General Office of the Ministry of Finance, General Office of the China Banking and Insurance Regulatory Commission and General Office of the China Securities Regulatory Commission, Circular on Encouraging Relevant Institutions to Participate in Market-oriented Debt-for-equity Swaps

  国家发展和改革委员会办公厅、中国人民银行办公厅、财政部办公厅、中国银行保险监督管理委员会办公厅、中国证券监督管理委员会办公厅关于鼓励相关机构参与市场化债转股的通知

  Foreign investors are encouraged to engage in debt-for-equity swaps

  December 12, 2018

• People's Bank of China, Ministry of Finance and China Banking and Insurance Regulatory Commission, Circular on Launching Over-the-Counter Business for Local Government Bonds on the National Interbank Bond Market

  中国人民银行、财政部、中国银行保险监督管理委员会关于在全国银行间债券市场开展地方政府债券柜台业务的通知

  Local government bonds are offered to individual investors

  December 12, 2018

• China Banking and Insurance Regulatory Commission, Circular on Matters Relevant to the Creation of Dedicated Products by Insurance Asset Management Companies

  中国银行保险监督管理委员会关于保险资产管理公司设立专项产品有关事项的通知

  Insurance capital may be invested to alleviate liquidity risks of listed companies

  November 21, 2018

• China Securities Regulatory Commission, Provisions for the Regulation of the Depository Receipt Business in the Stock Connect Between the Shanghai Stock Exchange and the London Stock Exchange (Trial Implementation) (Draft for Comments)

  中国证券监督管理委员会上海证券交易所和伦敦证券交易所市场互联互通存托凭证业务监管规定 (试行) (征求意见稿)

  Shanghai-London Stock Connect comes closer to launch

  October 10, 2018

• Measures for the Administration of Foreign-invested Futures Companies

  外商投资期货公司管理办法

  Futures companies are now opened to foreign investors

  October 10, 2018

• China Securities Regulatory Commission, Measures for the Administration of the Private Asset Management Business of Securities and Futures Firms (Draft for Comments)

  中国证券监督管理委员会证券期货经营机构私募资产管理业务管理办法 (征求意见稿)

  Issued: July 20 2018  Main contents: The category of an asset management plan shall be determined based on the following provisions: (1)  …

  September 20, 2018