Capital Markets

• Regulations for the Administration of Futures Trading (Revised)

  期货交易管理条例 (修订)

  Foreign investors allowed to engage in futures trading

  January 11, 2013

• China Securities Regulatory Commission, Implementing Rules for the Pooled Asset Management Business of Securities Companies

  中国证券监督管理委员会证券公司集合资产管理业务实施细则

  Scope of investment of pooled asset management plans of securities companies expanded.

  January 10, 2013

• China Securities Regulatory Commission, Provisions for the Administration of the Subordinated Obligations of Securities Companies

  中国证券监督管理委员会证券公司次级债管理规定

  Requirements on issuance of subordinated obligations lowered to decrease the cost of financing for securities companies.

  January 10, 2013

• China Securities Regulatory Commission, Guidelines for the Regulation of the Submission Documents and Review Procedures for Overseas Share Issuance and Listing by Companies Limited by Shares

  中国证券监督管理委员会关于股份有限公司境外发行股票和上市申报文件及审核程序的监管指引

  CSRC relaxes restrictions on listing of H-shares.

  January 10, 2013

• People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission, China Insurance Regulatory Commission and State Administration of Foreign Exchange, The 12th Five-year Plan for the Development and Reform of the Financial Industry

  中国人民银行、中国银行业监督管理委员会、中国证券监督管理委员会、中国保险监督管理委员会、国家外汇管理局金融业发展和改革“十二五”规划

  China to allow issuance of preference shares.

  January 10, 2013

• 2012 Review: Capital Markets – market reforms, SME boards and shareholder fundraising

  The China Securities and Regulatory Commission (CSRC) rolled out a series of reforms in 2012 that showed that its commitment to opening up the country's capital markets remains strong

  January 04, 2013

• 2012 Review: Capital Markets – market reforms, SME boards and shareholder fundraising

  The China Securities and Regulatory Commission (CSRC) rolled out a series of reforms in 2012 that showed that its commitment to opening up the country's capital markets remains strong

  January 04, 2013

• Circular on Investment in Relevant Financial Products with Insurance Capital

  关于保险资金投资有关金融产品的通知

  For the first time insurance proceeds are allowed to be invested in wealth management products of commercial banks, credit asset-backed securities of banking financial institutions and pooled fund trust plans of trust companies.

  December 14, 2012

• China Securities Regulatory Commission, Provisions for the Administration of Sale of Financial Products by Securities Companies on an Agency Basis

  中国证券监督管理委员会证券公司代销金融产品管理规定

  Securities companies are allowed to be financial product sales agents.

  December 14, 2012

• Ministry of Finance, State Administration of Taxation and China Securities Regulatory Commission, Circular on Issues Relevant to the Implementation of a Policy of Graduated Individual Income Tax on Dividends and Bonuses from Listed Companies

  财政部、国家税务局、中国证券监督管理委员会关于实施上市公司股息红利差别化个人所得税政策有关问题的通知

  The dividend tax reduced to encourage investors to hold shares for the long term.

  December 07, 2012