Corporate Governance

While it maintains the existing distinction between partial and full foreign-invested enterprise status, the Measures have new stipulations on investor qualifications, share transfer regulations, general offer requirements, corporate procedures and methods of acquisition payment.

The new rules on foreign strategic investment aim to restore investor confidence in merger and acquisition activity in China. What are the new reforms and how will they assist new investors in Chinese listed companies?

Promulgated: October 27 2005Effective: January 1 2006Main contents: The Law comprises:Part One: General ProvisionsPart Two: Establishment and Organizational…

Issued: October 19 2005Main contents: The Opinions put forward 26 points to improve the quality of listed companies. Article 6 suggests listed companies…

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Promulgated: October 21 2005Effective: December 1 2005Main contents: The Circular deals with issues such as:1. delayed payments of at least 180 days and…

Whilst China's new Company Law is not all it could have been, it goes a long way in introducing protection for minority shareholders, improving corporate governance and ensuring more realistic capitalization requirements for the establishment of companies.

Reflecting China's growing unease with the free flow of information over the internet, the government has released new regulations further restricting the digital dissemination of unauthorized news.

China's new Securities Law heralds better times ahead for fund raisers and investors alike. Still, a lot remains to be done to bring the regulatory function of the country's securities market in line with regional competitors.