Corporate Governance

• Establishing a Regional Headquarters in Shanghai

  Shanghai aims to become a regional business hub. New rules have been issued that supplement initial steps that Shanghai took in the summer of 2002 to make itself a focus of international business.

  June 01, 2003

• China Securities Regulatory Commission, Contents and Formats for Information Disclosures by Companies That Offer Securities to the Public Guidelines (No.1): Prospectuses (Revised in 2003)

  中国证券监督管理委员会公开发行证券的公司信息披露内容与格式准则第1号–招股说明书(2003年修订)

  Issued: March 24 2003Effective: as of date of issueInterpreting authority: China Securities Regulatory Commission (CSRC)Main contents: The valid period…

  May 02, 2003

• China Securities Regulatory Commission, Implementing the «Suspending and Terminating the Listings of Loss-making Listed Companies Implementing Measures (Revised)» Supplementary Provisions

  中国证券监督管理委员会关于执行(亏损上市公司暂停上市和终止上市实施办法(修订))的补充规定

  Issued: March 18 2003Effective: as of date of issueMain contents: For companies with successive loss for two years as a result of material accounting mistakes…

  May 02, 2003

• Ministry of Foreign Trade and Economic Cooperation, Amending the «Establishment of Companies with an Investment Nature by Foreign Investors Tentative Provisions» and its Supplementary Provisions Decision

  对外贸易经济合作部关于修改《外商投资举办投资性公司的暂行规定》及其补充规定的决定

  Issued: March 7 2003Effective: 30 days after the date of issueMain contents: The Decision makes amendments to the Establishment of Companies with an Investment…

  May 02, 2003

• China Securities Regulatory Commission, Contents and Formats for Information Disclosures by Companies That Offer Securities to the Public Guidelines (No.11): Prospectus for the Offer of New Shares by Listed Companies (Revised in 2003)

  中国证券监督管理委员会公开发行证券的公司信息披露内容与格式准则第11号–上市公司发行新股招股说明书(2003年修订)

  Issued: March 24 2003Effective: as of date of issueMain contents: Article 2 of the Guidelines is amended to require a summary of the prospectus for the…

  May 02, 2003

• Supreme People's Court, Questions Relevant to Whether Leaseholds of Allocated State-owned Land of Bankrupt Enterprises Should be Listed Under Property Available in Bankruptcy, Etc. Official Reply

  最高人民法院关于破产企业国有划拨土地使用权应否列入破产财产等问题的批复

  Issued: April 16 2003Effective: April 18 2003Applicability: The Official Reply applies to cases being tried or have not been tried, with the exception…

  May 02, 2003

• Supplementary Rules for Listing Suspension and Termination

  By Mao Baigen & Roland Sun, Pu Dong Law Office, ShanghaiAt the end of 2001, the China Securities Regulatory Commission (CSRC) issued rules that outlined…

  May 02, 2003

• China Securities Regulatory Commission, Statement by a CSRC Spokesperson on Issues Relevant to the Administration of Securities Investments in China by Qualified Foreign Institutional Investors

  中国证监会发言人就合格境外机构投资者境内证券投资管理有关问题的谈话

  Issued: March 19 2003Main contents: The Statement further details on the application documents required for the status of a qualified institutional investor…

  May 02, 2003

• Shanghai Stock Exchange, Issues Relevant to the Strengthening of Risk Warning, Etc. Regarding Companies under the Risk of Termination of Share Listing Circular

  上海证券交易所关于对存在股票终止上市风险的公司加强风险警示等有关问题的通知

  Issued: April 3 2003Effective: May 8 2003Main contents: The Exchange will impose special treatment to shares of companies under the risk of termination…

  May 02, 2003

• Other Recent Legislation for this Month

  National Legislation    Business VehiclesModel Notices and Circulars for Merger, Division and Reduction in Registered Capital of Foreign-invested…

  May 02, 2003