The price of an IPO shall be ascertained by an approved inquiry recipient. The procedures and limitations regarding the sale and underwriting of securities are stipulated.
November 30, 2006
Full Text Translation
This Circular aims to enhance the investments of insurance capital. Insurance institutions may now invest in the equity of unlisted banks. Investment qualifications, withdrawal mechanism, and risk management are also covered.
November 30, 2006Issuance of hybrid capital bonds now requires disclosure of various matters, which include the capital adequacy ratio for the past three years, business position, risk alert, and so on.
October 31, 2006Disputes regarding back pay or breach of arbitration agreement may be brought to court directly as an ordinary civil dispute.
October 31, 2006The minimum duration of business establishment and assets for QFII status is clearly set out. Limitations on shareholding percentages of securities investments in China by foreign investors are imposed.
October 31, 2006Qualifications and approval of QFII status are set out in detail. Issues related to asset custody and fund management are also covered.
October 31, 2006Issuance of hybrid capital bonds now requires disclosure of various matters, which include the capital adequacy ratio for the past three years, business position, risk alert, and so on.
October 31, 2006The Official Reply addresses queries from Provisional Office of the State Administration of Taxation on the definition of permanent establishments of foreign enterprise providing services in the PRC.
October 02, 2006Clarifies criteria for the recognition of newly established enterprises, eligibility for the preferential income tax policies, the tax authority's power to determine such eligibility, the applicability for fixed periods of enterprise income tax reduction and exemptions.
October 02, 2006The People's Court may order an arbitration de novo by the arbitration tribunal when 1) the arbitration award was based on fabricated evidence, or 2) evidence was concealed that would have affected the impartiality of the award.
October 02, 2006