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
Capital Markets
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, 2012Securities companies are allowed to be financial product sales agents.
December 14, 2012The dividend tax reduced to encourage investors to hold shares for the long term.
December 07, 2012The industrial classification of listed companies now needs to be revised every quarter.
December 07, 2012Mergers and acquisitions involving material asset reorganisation will be subject to greater scrutiny under new Regulations, which will increase due diligence costs for businesses in China
December 07, 2012If, in the process of the CSRC's review of an M&A transaction, the listed company or the transaction counterparty that accounts for 20% or more of the transaction amount is found to have been involved in insider trading, the CSRC will terminate the review process.
December 06, 2012Pooled asset management plans of securities companies now only require record filing.
December 05, 2012Authority to approve qualifications of senior management of securities companies delegated to agencies of the CSRC.
November 29, 2012Registered capital of a subsidiary of a fund management company is not allowed to be less than Rmb20 million.
November 15, 2012