China Securities Regulatory Commission, Contents and Formats for Information Disclosure of Securities Investment Funds Guidelines (No.1) - Contents and Format of Listing Announcements

Issued: June 15 2004
Effective: July 1 2004
Applicability: Where a fund of which shares of the fund are publicly sold, and application is made to list and trade on stock exchanges, within the People's Republic of China in accordance with the Securities Investment Fund Law and relevant laws and regulations, the fund managers shall compile listing announcements in accordance with the Guidelines (Article 2).

Main contents: The Guidelines specify the minimum requirements for information disclosure in the listing announcement of a fund (Article 4). Fund managers shall disclose the main contents regarding the listing of the fund, including the organ verifying the listing and the verification document number, the date of listing, the listing stock exchange, the abbreviated fund name, the trading code of the fund, the number of listed shares, and the provisions on circulation of the unlisted shares; as well as separately listing the following information two working days before the date of announcement: the number of fund shareholders, the average number of shares of each shareholder, the respective number of shares and their proportions in the total number of shares of institutional investors and individual investors, and the names, shareholdings and proportions in the total number of fund shares of the top ten shareholders (Articles 14 and 15). The Guidelines also require the disclosure of the fund's investment portfolios two working days prior to the date of announcement (Article 23). The Guidelines stipulate that the listing announcement shall be published on designated media three working days prior to the listing of the fund, and the said listing announcement shall also be submitted to the China Securities Regulatory Commission for the record on the next working day after the disclosure (Articles 7 and 10).
Related legislation: PRC Securities Investment Fund Law, Oct 28 2003, CLP 2003 No.10 p43 and Administration of Information Disclosure of Securities Investment Funds Procedures, Jun 8 2004, CLP 2004 No.6 p7
Repealed legislation: Part Two: Contents and Format of Listing Announcement of the China Securities Regulatory Commission, Administration of Securities Investment Funds Tentative Procedures Implementing Rules (No. 5): Information Disclosure for Securities Investment Funds Guidelines, Mar 12 1999, CLP 1999 No.3 p8