Issues Relevant to the Transfer of State-owned Shares and Legal Person Shares in Listed Companies to Foreign Investors Circular

关于向外商转让上市公司国有股和法人股有关问题的通知

A circular on the principles, procedures and rules regarding the transfer of state-owned shares and legal person shares in Listed companies to foreign investors issued by the CSRC, MOF and SETC.

(Issued by the China Securities Regulatory Commission, the Ministry of Finance and the State Economic and Trade Commission on November 1 2002.)

（中国证券监督管理委员会、财政部、国家经济贸易委员会於二零零二年十一月一日发布。）

With the approval of the State Council, we hereby notify you of issues relevant to the transfer of State-owned shares and legal person shares in listed companies to foreign investors, in order to introduce advanced foreign management experience, technology and funds, to increase the pace of adjustment of the economic structure, to refine the corporate governance structure of listed companies, to increase international competitiveness, to protect the lawful rights and interests of investors and to promote the healthy development of the securities market.


为引进国外先进管理经验、技术和资金，加快经济结构调整步伐，改善上市公司法人治理结构，提高国际竞争力，保护投资者的合法权益，促进证券市场健康发展，经国务院同意，现就向外商转让上市公司国有股和法人股问题通知如下:

1. The following principles shall be observed in the transfer of State-owned shares and legal person shares in listed companies to foreign investors:

一、    向外商转让上市公司国有股和法人股，应当遵循以下原则:

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]