The number of futures companies in which one entity has a controlling interest or equity interest may not exceed two, and the number of futures companies in which it has a controlling interest may not exceed one.
July 09, 2008
Full Text Translation
When a securities company is to establish a branch, it shall require the approval of the China Securities Regulatory Commission. A branch shall not have legal personality and its legal liability shall be borne by the securities company.
July 09, 2008The rate for the deduction of the expenses before individual income tax of the owners of family proprietorships and of investors in wholly individually-owned enterprises and partnerships is uniformly set at Rmb24,000 per year (Rmb2,000 per month).
July 09, 2008Before a securities company submits an application for an initial public offering of shares and the listing thereof, it shall submit relevant materials to the China Securities Regulatory Commission and apply for the issuance of a regulatory opinion.
July 09, 2008When an IPO issuer restructures identical, similar or related businesses under the same corporate controller during the reporting period, it shall pay close attention to the effect of the reorganization on its total assets, or its operating revenue or gross profit.
July 09, 2008The Provisions set forth criteria for a people's court to accept a petition of a shareholder or shareholders to dissolve the company.
July 09, 2008The Circular sets forth the criteria for asset appraisal firms applying for securities and futures-related business valuation qualifications.
July 09, 2008The Provisions detail the approval procedure of the board of directors of a listed company on material asset reorganization and related information disclosure obligations.
June 02, 2008The Measures set forth the criteria for recognition as a hi-tech enterprise. After obtaining qualifications as a hi-tech enterprise, the enterprise is entitled to tax reduction or exemption.
June 02, 2008The Circular allows commercial banks to engage in gold futures trading and specifies the conditions such as having the qualifications to trade in derivatives.
June 02, 2008