For the first time, the State Council has offered substantive legal parameters for the growth of China's burgeoning domestic private sector. The Opinion issued by the State Council brings the legal status of local private enterprises closer to that enjoyed by state and foreign-owned companies. Despite this, there is still more to be done to make China's private sector globally competitive.
This Circular allows fund management companies to use their own funds to engage in fund investments only if it has net assets of at least Rmb 50 million and that the amount of fund shares it holds do not account for more than 60% of its net assets.
Promulgated: January 28 2005Main contents: The Chinese party of a Sino-foreign equity or cooperative joint venture holding state-owned assets and equity…
Promulgated: March 25 2005Effective: April 1 2005Applicability: When compiling such information disclosure documents as funds' earnings announcement, ad…
Issued: April 29 2005Effective: as of date of issueMain contents: The Circular addresses the issues relevant to the separation of equity ownership and…
Promulgated: May 9 2005Effective: as of date of promulgationInterpreting authority: Chongqing Municipal Commerce CommitteeApplicability: Enterprises engaging…
Issued: May 19 2005Effective: as of date of issueMain contents: From the experience of launching pilot reform projects in some regions for foreign exchange…
Promulgated: May 9 2005Effective: May 1 2005Interpreting authority: Chongqing Municipal Commerce CommitteeApplicability: 'Auction houses' refers to limited…
Issued: May 20 2005Effective: as of date of issueInterpreting authority: Shenzhen Stock ExchangeMain contents: The Shenzhen Stock Exchange shall carry…
Promulgated: March 2 2005Effective: April 1 2005Interpreting authority: Certification and Accreditation Administration and Ministry of Information IndustryMain…