Department of Investment Funds Supervision of China Securities Regulatory Commission, Issues Relevant to Participation in the Subscription of Share Issues by Securities Investment Funds Circular

中国证监会基金监管部关于证券投资基金参与股票发行申购有关问题的通知

July 02, 2002 | BY

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Issued: March 12 2002Main contents: The Circular stipulates that an individual investment fund cannot hold shares issued by the same company for more than…

Clp Reference: 3700/02.03.12 Promulgated: 2002-03-12

Issued: March 12 2002

Main contents: The Circular stipulates that an individual investment fund cannot hold shares issued by the same company for more than 10% of the net asset value of the fund. Also shares issued by a company held by all the securities funds managed by the same fund management company cannot exceed 10% of the share issuing company's total capital stock (Item Three).
Related legislation: Administration of Securities Investment Funds Tentative Procedures, Nov 14 1997, CLP 1997 No.2 p27

clp reference:3700/02.03.12promulgated:2002-03-12

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