For the first time insurance proceeds are allowed to be invested in wealth management products of commercial banks, credit asset-backed securities of banking financial institutions and pooled fund trust plans of trust companies.
December 14, 2012
Full Text Translation
If, in the process of the CSRC's review of an M&A transaction, the listed company or the transaction counterparty that accounts for 20% or more of the transaction amount is found to have been involved in insider trading, the CSRC will terminate the review process.
December 06, 2012Articles 64, 65 and 69 of the Rules have been revised according to a State Council decision, removing the wordings concerning costs incurred from seizure, sealing up or custody of property.
November 28, 2012Insurance asset management companies may be entrusted to manage the funds of pension fund, enterprise annuity and housing fund.
November 27, 2012With the new revision, even if the client or another party's criminal act will seriously harm the safety of others' property, a lawyer is still bound by the confidentiality obligation.
November 22, 2012Rules for the Establishment of Securities Companies with Foreign Equity Participation (2nd Revision)
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%.
November 07, 2012Existing regional headquarters of multinational corporations in Shanghai that are upgraded to Asia regional, Asia-Pacific regional or larger regional headquarters may be eligible for one-time assistance of Rmb3 million.
November 07, 2012A 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.
November 07, 2012The equity of real property enterprises, foreign holding companies, foreign-invested venture capital investment enterprises and foreign-invested private equity enterprises is not allowed to be used for investment in another foreign-invested enterprise.
November 07, 2012Criminal liability may be pursued for legal actions instituted with malicious intent to prejudice another's lawful rights and interests.
October 31, 2012