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.
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.
Issued: April 26 2004Effective: April 15 2004Applicability: The Procedures apply to law firms and entrusting parties established in Shenzhen (Article 2).Main…
New rules have been promulgated by the China Banking Regulatory Commission to oversee group finance companies. The regulatory body retains its assertive role in the finance sector.