A new Circular makes it easier for foreign investors to get approval for the conversion of their unlisted shares into B-shares. This may finally render non-listed foreign-investment shares in these issuers obsolete. By Heiner Braun and Miles Ma, Freshfields Bruckhaus Deringer, Shanghai.
Lin [email protected] municipality recently announced its Provisions on Encouraging the Establishment of Regional Headquarters…
State Council issues 30 measures to boost the economy.
Worldwide, regulators are restricting margin trading and short selling. But China is about to allow securities companies to engage in these types of business for the first time. The new scheme will be tightly controlled and small in scale. By Phil Taylor.
Conversion of unlisted foreign investment shares into tradable B-shares streamlined.
The Chinese capital markers have developed rapidly and sponsorship activities have increased. New Measures for the administration of securities sponsorship aim to fix the weaknesses in the previous legal framework. They will have a significant impact on sponsoring companies and their legal advisers. By Christophe Han and Patrick Chen, Llinks Law Offices, Shanghai.
The Provisions allow securities companies to engage in margin trading and short sale of securities.
A sponsor shall establish a sound working draft system, and keep separate sponsorship working drafts for each project.
Share buyback by listed companies made easier.
The China Securities Regulatory Commission (CSRC) has released new measures allowing shareholders of listed companies to issue exchangeable bonds. “The…