Gary J Gao and Y Q Richard Song of Duan & Duan Law Firm provide a guide to developments in China's capital markets, including the drive to increase transparency and recover from the Muddy Waters scandal
The Measures have been revised to pave the way for seed funding requiring the size of the fund to be at least Rmb50 million and the number of fundholders to be at least 200.
The limit on the total of the holdings of the A shares of a single listed company by all QFIIs is now increased from 20% to 30% of the listed company's total shares. The qualification thresholds for QFIIs have also been relaxed.