China Securities Regulatory Commission, Contents and Formats for Information Disclosures by Companies That Offer Securities to the Public Guidelines No.7: Listing Announcements

Issued: March 15 2001
Effective: as of date of issue
Interpreting authority: China Securities Regulatory Commission
Applicability: These Guidelines also apply to issuers of domestically listed foreign investment shares (Article 2).

Main contents: The Guidelines require all public share issuers to publish listing announcements five days before the listing of the shares (Article 10). A listing announcement must contain separate sections disclosing, among other things, general information on the issuer, the issue and capital structure, the directors, supervisors and officers, competition in the business, financial information, the undertakings of the board of directors in respect of the listing, and the sponsor and its opinions (Part Two). The Guidelines also specify a number of statements that must be made in a listing announcement by the directors of the issuer and the auditor of the issuer's financial report (Articles 15 and 16).
Related legislation: PRC, Company Law (Amended), Oct 27 2005, CLP 2005 No.10 p21 and PRC, Securities Law (Amended), Oct 27 2005, CLP 2006 No.1 p31
Repealed legislation: Issue of the Contents and Formats for Information Disclosures by Companies That Offer Securities to the Public Guidelines No. 7: Contents and Format of Prospectuses (Trial Implementation) Circular, Jan 6 1997