The Opinions acknowledge the significance of vigorously development in the capital markets, outline reform ideologies, and provide directions for future liberalization.

By Wantao [email protected] June 17 2004, the People's Bank of China and the China Banking Regulatory Commission (CBRC)…

Issued: June 25 2004Effective: as of date of issueApplicability: The Circular also applies to investments in subordinated bonds by insurance asset management…

Insurance companies are now allowed to invest in convertible corporate bonds.

Raised the qualification requirements of and more responsibilities for partners.

The Circular provides eight qualifications that a listed parent company must meet, and adopts a mechanism to ensure the independent listing status and continuous profitability of the listed parent company after the spin-off.

CSRC has released a new circular which governs spin-off listings of subsidiaries of A share-listed companies.

By Michael [email protected]: www.freshfields.comThe State Council's Reform of the Investment System Decision (the Decision), issued…

The Circular provides eight qualifications that a listed parent company must meet, and adopts a mechanism to ensure the independent listing status and continuous profitability of the listed parent company after the spin-off.