China Securities Regulatory Commission and Ministry of Foreign Trade and Economic Cooperation, Questions Relevant to the Implementation of the «Establishment of Securities Companies with Foreign Equity Participation Rules» and the «Establishment of Fund Management Companies with Foreign Equity Participation Rules» Circular

Issued: November 18 2002

Main contents: The Circular stipulates that establishment of securities companies or fund management companies with foreign equity participation requires the consent of the China Securities Regulatory Commission, the issue of a Foreign-invested Enterprise Approval Certificate from the Ministry of Foreign Trade and Economic Cooperation and the registration with an administration for industry and commerce.
Related legislation: Establishment of Securities Companies with Foreign Equity Participation Rules, Jun 1 2002, CLP 2002 No.6 p41; Establishment of Fund Management Companies with Foreign Equity Participation Rules, Jun 1 2002, CLP 2002 No.6 p31; PRC Company Law (Amended), Oct 27 2005, CLP 2005 No.10 p21; PRC Securities Law (Amended), Oct 27 2005, CLP 2006 No.1 p31 and PRC Sino-foreign Equity Joint Venture Law (2nd Revision), Mar 15 2001, CLP 2001 No.3 p5