Department of Public Offering Supervision of China Securities Regulatory Commission, Relevant Questions Concerning the Issue of New Shares to Investors in the Secondary Market Supplementary Circular
中国证监会发行监管部关于向二级市场投资者配售新股有关问题的补充通知
June 02, 2002 | BY
clpstaff &clp articlesDeals with the resumption of the issue of new shares to investors in the secondary market after technical suspension.
Share:
Issued: May 20 2002
Effective: as of date issue
Main contents: The Circular is issued in response to the resumption of the issue of new shares to investors in the secondary market after a period of suspension due to some technical problems. The Circular states that the proportion of shares issued to investors in the secondary market should be kept between 50% to 100% under the premise that subscription at market price should first be satisfied (Item Two). Securities investment funds (including open-ended funds) are accepted for subscription or share issues, but funds held by investors are temporarily not included in the calculation of market value for share issues.
Related legislation: Relevant Questions Concerning the Issue of New Shares to Investors in the Secondary Market Circular, Feb 13 2000, CLP 2000 No.2 p8