Capital Markets

• Circular on the Policy of Levying Securities (Stock) Transaction Stamp Duty on the Transfer of Preference Shares

  关于转让优先股有关证券（股票）交易印花税政策的通知

  Stamp duty on preference share transactions set at 0.1%

  June 05, 2014

• Shanghai Stock Exchange, Implementing Rules for the Pilot Mechanism for Linking the Trading on the Shanghai and Hong Kong Stock Markets (Draft for Comments)

  上海证券交易所沪港股票市场交易互联互通机制试点实施细则(征求意见稿)

  Issued: April 29 2014Main contents: The Shanghai Stock Exchange linked stocks for the “Hong Kong-Shanghai Link” include the component stocks of the…

  May 13, 2014

• China Banking Regulatory Commission and China Securities Regulatory Commission, Guiding Opinions on the Offering of Preference Shares by Commercial Banks to Replenish Their Tier 1 Capital

  中国银行业监督管理委员会、中国证券监督管理委员会关于商业银行发行优先股补充一级资本的指导意见

  Banks allowed to issue preference shares to replenish capital.

  May 13, 2014

• Measures for the Administration of the Pilot Project for Preference Shares

  优先股试点管理办法

  CSRC allows blue chip companies to issue preference shares.

  May 07, 2014

• Tentative Measures for the Administration of the Application of Insurance Capital (Revised)

  保险资金运用管理暂行办法(修订)

  CIRC lifts the restrictions on the investment percentages of insurance capital.

  April 24, 2014

• Shanghai Stock Exchange, Implementing Rules for Securities Trading by Qualified Foreign Institutional Investors and Renminbi Qualified Foreign Institutional Investors

  上海证券交易所合格境外机构投资者和人民币合格境外机构投资者证券交易实施细则

  Shareholdings of QFIIs and RQFIIs increased to 30%.

  April 17, 2014

• China Securities Regulatory Commission, Regulatory Guidelines for Listed Companies No.4: Undertakings of De facto Controllers, Shareholders, Affiliated Parties and Acquirers of Listed Companies and of Listed Companies, and the Performance Thereof

  中国证券监督管理委员会上市公司监管指引第4号——上市公司实际控制人、股东、关联方、收购人以及上市公司承诺及履行

  CSRC clamps down on listed companies' failures to uphold promises.

  March 10, 2014

• China Insurance Regulatory Commission, Circular on Strengthening and Improving the Oversight of the Percentages for the Application of Insurance Capital

  中国保险监督管理委员会关于加强和改进保险资金运用比例监管的通知

  CIRC relaxes investment percentage restrictions on investments of insurance capital.

  March 10, 2014

• China Securities Regulatory Commission, Rules for the Preparation and Submission of Information Disclosures by Companies That Offer Securities to the Public No. 26: Special Provisions for Information Disclosures by Commercial Banks (2014 Revision)

  中国证券监督管理委员会公开发行证券的公司信息披露编报规则第26号——商业银行信息披露特别规定 (2014年修订)

  Banks required to disclose more information on affiliated transactions.

  March 10, 2014

• IPO reform not going as planned

  Regulators were right to ease the burdens for an IPO, but they failed to close loopholes for exploiting share prices and transfers. Though the new Measures enhance supervision, a paradox remains: more control is needed before China's stock market can be liberalised

  March 07, 2014