Legislation

Unaudited quarterly financial statements required to be provided in the prospectus after financial report audit date.

IPO issuers required to provide data comparison with competitors.

Circular issued to regulate captive insurance companies.

China allows issuance of preference shares.

Individuals are allowed to engage in securities investment overseas.

FIEs required to give an undertaking before allowed establishment.

VAT shall not be imposed on asset transfers on multiple occasions when the ultimate transferee is the same.

Technical consulting income may be counted as technology transfer income.

Issued: October 11 2013 Main contents: The Draft introduces the liquidity coverage ratio metric and requires commercial banks to have sufficient quality…