Chinese companies continue to lead the way in testing investor confidence in the IPO market, with aluminium-products maker China Zhongwang Holdings completing…
According to the Measures, state-owned equity or shares of providers of basic telecommunications services shall account for no less than 51% of the total equity or shares.
Transfers of state-owned assets and equity of unlisted enterprises shall be publicly carried out through lawfully- established assets and equity exchanges at the provincial level and above.
A recent circular relaxes approval authority for foreign-invested venture capital funds. It is the latest in a line of regulatory changes which may create a useful foreign exchange control niche for these enterprises. By Richard Guo, Stephanie Zhu and Flora Qian, Fangda Partners.