Capital Markets

• Legislative Affairs Office of the State Council, Regulations on the National Social Security Fund (Draft for Comments)

  国务院法制办公室全国社会保障基金条例 (征求意见稿）

  Issued: November 26 2014Main contents: According to the Draft, the National Social Security Fund may invest and operate in domestic markets and foreign…

  December 18, 2014

• Ministry of Finance, State Administration of Taxation and China Securities Regulatory Commission, Circular on the Issue of Provisionally Exempting the Proceeds Derived in China by QFIIs and RQFIIs from the Transfer of Stocks and Other Such Equity Investment Assets from Enterprise Income Tax

  财政部、国家税务总局、中国证券监督管理委员会关于QFII和RQFII取得中国境内的股票等权益性投资资产转让所得暂免征收企业所得税问题的通知

  QFIIs exempted from income tax related to Shanghai-Hong Kong Stock Connect.

  December 18, 2014

• Ministry of Finance, State Administration of Taxation and China Securities Regulatory Commission, Circular on Tax Policies Relevant to the Pilot Project for the Mechanisms to Provide Mutual Trading Access Between the Shanghai and Hong Kong Stock Markets

  财政部、国家税务总局、中国证券监督管理委员会关于沪港股票市场交易互联互通机制试点有关税收政策的通知

  Investors in Shanghai-Hong Kong Stock Connect exempted from income tax and business tax provisionally.

  December 18, 2014

• Circular on Revising the Control Policies Relevant to the Entry into the Interbank Foreign Exchange Market by Financial Institutions

  关于调整金融机构进入银行间外汇市场有关管理政策的通知

  Non-bank financial institutions allowed in the interbank forex market.

  December 18, 2014

• Measures for the Administration of the Takeover of Listed Companies (Revised in 2014)

  上市公司收购管理办法 (2014年修订)

  The revision abolishes the requirement for prior CSRC approval of a takeover offer.

  December 04, 2014

• China Insurance Regulatory Commission, Circular on Matters Relevant to the Offering of Preference Shares by Insurance Companies (Draft for Comments)

  中国保险监督管理委员会关于保险公司发行优先股有关事项的通知 (征求意见稿）

  Issued: September 16 2014Main contents: Only insurance companies that satisfy the certain conditions may offer preference shares, including:(1)…

  November 10, 2014

• China Insurance Regulatory Commission, Circular on Matters Relevant to the Investment of Insurance Capital in Preference Shares

  中国保险监督管理委员会关于保险资金投资优先股有关事项的通知

  Insurance proceeds allowed to be invested in preference shares.

  November 10, 2014

• Factors for capital markets growth

  Kejun Guo and Chen Jia of Zhong Lun Law Firm look at the latest developments in capital markets, includingthe reforms to the share offering system

  November 10, 2014

• China Securities Regulatory Commission, Opinions on Further Promoting the Innovative Development of Futures Dealers

  中国证券监督管理委员会关于进一步推进期货经营机构创新发展的意见

  Foreign investors encouraged to invest in futures companies.

  November 10, 2014

• China Securities Regulatory Commission, Several Opinions on Reforming, Improving and Strictly Implementing the System for Delisting Listed Companies

  中国证券监督管理委员会关于改革完善并严格实施上市公司退市制度的若干意见

  CSRC sets out rules for voluntary delisting of listed companies.

  November 10, 2014