Corporate Governance

• New Rules on Equity Offerings: Lifting the Ban on China's Share Sales

  New restrictions are in place on share offering, price floor and private placements in particular for foreign strategic investors. A new three-stage application process is introduced.

  July 02, 2006

• Implementing Opinions on Several Issues Concerning the Application of the Law in the Administration of the Examination, Approval and Registration of Foreign-invested Companies

  关于外商投资的公司审批登记管理法律适用若干问题的执行意见

  The Opinion clarifies issues such as organizational structure, incorporation form, timing and documentary requirements pertaining to approval applications, registration and capital contributions of foreign-invested enterprises, reinvestment requirements as well as approvals and registration of amendment.

  July 02, 2006

• China Reopens its Doors to the IPO Market

  After a one-year suspension of new share sales, the Measures reopen the PRC's stock market with tightened listing requirements.

  July 02, 2006

• Measures for the Administration of Initial Public Offerings of Shares and the Listing Thereof

  首次公开发行股票并上市管理办法

  After a one-year suspension of new share sales, the Measures reopen the PRC's stock market with tightened listing requirements. Meanwhile, the Measures removed restrictions on the amount of IPO proceeds and the one-year lock-up prior to the IPO.

  July 02, 2006

• China Securities Regulatory Commission, Guidelines for Contents and Formats for Information Disclosures by Companies That Offer Securities to the Public (No.1): Prospectuses (Amended in 2006)

  中国証券监督管理委員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 2006年修订

  Promulgated: May 18 2006Effective: as of date of promulgationMain contents: The Guidelines are composed of:Part One: General ProvisionsPart Two: ProspectusesSection…

  July 02, 2006

• Measures for the Administration of Securities Offerings by Listed Companies

  上市公司证券发行管理办法

  In an attempt to clarify and modernize the PRC's regulations governing the public and private offerings of securities by listed companies, the Measures specified the three general requirements regarding the issuer's compliance record, profitability and accounting reports.

  July 02, 2006

• China's New Accounting Standards A Brief Guide

  China has revised and issued new accounting standards, bringing the country's financial reporting system for listed companies in line with international practices.

  July 01, 2006

• National Council for Social Security Fund, Tentative Provisions for the Administration of Overseas Investments by the National Social Security Fund

  全国社会保障基金理事会全国社会保障基金境外投资管理暂行规定

  Promulgated: April 28 2006Effective: May 1 2006Main contents: The Provisions comprise:Part One: General ProvisionsPart Two: NSSF Overseas Investment ManagersPart…

  June 02, 2006

• State Council, Regulations for the Administration of Entertainment Premises

  国务院娱乐场所管理条例

  Promulgated: January 29 2006Effective: March 1 2006Applicability: The term 'entertainment premises' refers to premises that are profit-oriented, open to…

  June 02, 2006

• Ministry of Finance and State Intellectual Property Office, Circular on Several Issues Concerning Strengthening the Administration on Asset Valuation in Connection with Intellectual Property Rights

  财政部、国家知识产权局关于加强知识产权资产评估管理工作若干问题的通知

  Issued: April 19 2006Applicability: After the issue of this Circular, in the event of a conflict between previous relevant provisions and this Circular,…

  June 02, 2006