The Circular provides for the minimum credit rating of short-term financing bills in which a money market fund invests, while the domestic credit rating shall prevail over international credit rating. The percentage of the investment by a money market fund in the short-term financing bills and short-term corporate bonds issued by one company may not in total exceed 10% of the net value of the fund's assets. If the credit rating of short-term financing bills held by a money market fund drops, the fund shall fully divest itself of such bills within 20 trading days.
Issued: July 12 2005Effective: August 1 2005Main contents: Foreign-invested banks in China (including wholly-owned banks, equity joint venture banks and…
The Circular allows domestic residents to set up offshore financing platform by means of special purpose companies and to participate in various equity financing activities through reverse acquisition, equity transfer, convertible bonds in international financial market. The Circular also stipulates the relevant registration and administration procedures for special purpose companies and remittance of profits, dividends, liquidation proceeds, equity transfer proceeds, and capital reduction proceeds.
Issued: July 18 2005Effective: as of date of issueInterpreting authority: Shenzhen Stock ExchangeMain contents: Please see the digest for the Shanghai…
Issued: September 5 2005Effective: January 1 2005Main contents: The Circular comprises:1. Standard for the Deduction of Advertisement Expenses Centrally…
Issued: July 13 2005Main contents: The Circular allows enterprises and individuals in bonded zones and bonded logistics parks to obtain the right to trade…
Promulgated: July 15 2005Effective: August 15 2005Applicability: The term 'domestic investment entities' covers state-owned investment entities and non-state-owned…
Issued: August 25 2005Main contents: According to the Circular, the following are now subject to the examination and approval of the local branches of…
Issued: July 18 2005Effective: as of date of issueInterpreting authority: Shanghai Stock ExchangeApplicability: The term 'warrants' refers to negotiable…
Issued: July 14 2005Effective: as of date of issueMain contents: The Rules specify the procedures for the subscription, purchase, redemption and transfer…