Maoye International has raised HK$2.7 billion (US$343 million) in a Hong Kong initial public offering, the first company to list on the Main Board of the…
The government has issued the Supplementary Rules to the Standards for Pursuing Economic Crime Cases on May 13 to crack down on an increasing number of…
A survey conducted by PricewaterhouseCoopers (PWC) showed that respondents remained optimistic under the credit crunch, but the pace of regulatory development…
On April 18 2008, the CSRC promulgated the Administrative Rules on Material Asset Restructuring of Listed Companies. This represents another major move to improve the basic system of the domestic stock market in China, and signifies that the M&A and restructuring of China's listed companies has entered a new era of standardization and development.
The Provisions detail the approval procedure of the board of directors of a listed company on material asset reorganization and related information disclosure obligations.
The Circular allows commercial banks to engage in gold futures trading and specifies the conditions such as having the qualifications to trade in derivatives.
The new circular issued by the CBRC represents a step towards the wider acceptance of commodities futures transactions, helping banks generate more business, provide more flexibility in gold trading, and improve competitiveness. The various conditions, application procedures and other requirements are extensive; while there are still some concerns about the operation of the new regulation, it is a step in the right direction.