Capital Markets

A series of reforms should help to restart China's capital markets in 2014. Although the changes are a positive step, they create problems for law firms and leave some serious structural problems unresolved

The Negative List specifies foreign investment projects that are restricted or prohibited in the Shanghai Pilot Free Trade Zone.

The CSRC will review the contents of offer application documents and information disclosures for their legal compliance, but will not make any determination as to the profitability and investment value of issuers.

Unaudited quarterly financial statements required to be provided in the prospectus after financial report audit date.

IPO issuers required to provide data comparison with competitors.

China allows issuance of preference shares.

FIEs required to give an undertaking before allowed establishment.

As the Third Plenum came to an end, Beijing approved radical reforms to the country's capital markets. A new registration-based system could see the market open-up and align with international standards

As the Third Plenum came to an end, Beijing approved radical reforms to the country's capital markets. A new registration-based system could see the market open-up and align with international standards