Capital Markets

• Shanghai Municipality, Special Administrative Measures for Foreign Investment Access in the China (Shanghai) Pilot Free Trade Zone (Negative List) (2013)

  上海市中国(上海)自由贸易试验区外商投资准入特别管理措施 (负面清单) (2013年)

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

  January 16, 2014

• Opinions on Further Promoting the Reform of the System for Offering of New Shares

  关于进一步推进新股发行体制改革的意见

  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.

  January 08, 2014

• China Securities Regulatory Commission, Guidelines on the Disclosure of Major Financial Information and Information on the Business Position Since the Financial Report Audit Date in Prospectuses for the Initial Public Offering of Shares and the Listing thereof of Companies

  中国证券监督管理委员会关于首次公开发行股票并上市公司招股说明书财务报告审计截止日后主要财务信息及经营状况信息披露指引

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

  December 31, 2013

• China Securities Regulatory Commission, Guidelines on the Disclosure of Information Relating to Profitability in Prospectuses for the Initial Public Offering of Shares and the Listing thereof of Companies

  中国证券监督管理委员会关于首次公开发行股票并上市公司招股说明书中与盈利能力相关的信息披露指引

  IPO issuers required to provide data comparison with competitors.

  December 31, 2013

• Guiding Opinions on the Launch of the Pilot Project for Preference Shares

  关于开展优先股试点的指导意见

  China allows issuance of preference shares.

  December 17, 2013

• Shanghai Municipality, Measures for the Administration of Record Filing of Foreign-invested Enterprises in the China (Shanghai) Pilot Free Trade Zone

  上海市中国（上海）自由贸易试验区外商投资企业备案管理办法

  FIEs required to give an undertaking before allowed establishment.

  December 11, 2013

• “Remarkable” reform to hit China's capital markets

  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

  November 30, 2013

• “Remarkable” reform to hit China's capital markets

  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

  November 29, 2013

• Shanghai Stock Exchange, Trading Rules (Revised in 2013)

  上海证券交易所交易规则 (2013年修订)

  Certain products to implement day trading on the Shanghai Stock Exchange.

  November 27, 2013

• Shenzhen Stock Exchange, Trading Rules (4th Revision)

  深圳证券交易所交易规则 (第四次修订)

  Shenzhen Stock Exchange facilitates block trading.

  September 10, 2013