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.
A material asset reorganization shall be constituted when the purchase or sale of assets by a listed company and by the companies in which it has a controlling interest or that it controls reaches any of the specified benchmarks
Areva's Transmission and Distribution Division (Areva T&D) has formed three joint venture companies in China as part of a US$20.4 million infrastructure…
When the China Securities Regulatory Commission [CSRC] recently released the Draft Measures on Administration of Initial Public Offering and Listing on…