July 12, 2012
An IPO P/E ratio should not be higher than the industrial average by 25%.
Mediation of securities disputes introduced.
Minimum shareholding of private investors in rural banks may be lowered to 15%.
Share issuers and lead underwriters allowed to determine share pricing through negotiation between themselves.
FIEs encouraged to invest overseas Rmb funds in Pudong.
A charge of 20% of the land grant or allocation fee to be imposed on land left idle for a year.
Private enterprises encouraged to list overseas.
An issuer needs to convene a board meeting if the price-earnings ratio of its proposed share price is higher than the industrial average by 25%.
Letters of intent and MOUs have legal effect.
