Capital Markets

Main contents: The total number of shares involved in all the valid employee shareholding schemes of a listed company may not exceed 10% of the company's…

The limit on the percentage of the shares of, or the percentage of the interest in, a securities company with foreign equity participation held by foreign investors has been raised to 49%.

A subsidiary of a securities company that has been operating continuously for at least two years instead of five years may apply to expand its scope of business.

Fund management companies allowed to engage in specific client assetmanagement business through their subsidiaries.

The foreign shareholding in the domestic shareholder should be included whencalculating the total foreign shareholding of a joint venture fund managementcompany.

Wealth management plans of fund management companies allowed to invest in non-listed equity.

The Interpretation defines terms such as "a well-informed person with inside information regarding a securities or futures transaction" and "period of sensitivity of inside information".

Enterprise income tax may not be levied by assessment against enterprises that solely engage in equity (stock) investment business.

New Provisions have created competition between brokers by allowing foreign institutional investors to use more than one securities dealer