China Securities Regulatory Commission, Issues Relevant to Regulating Offshore Listing of Subsidiaries of Domestic Listed Companies Circular
关于规范境内上市公司所属企业到境外上市有关问题的通知
September 02, 2004 | BY
clpstaff &clp articlesThe Circular provides eight qualifications that a listed parent company must meet, and adopts a mechanism to ensure the independent listing status and continuous profitability of the listed parent company after the spin-off.
Issued: July 21 2004
Main contents: The Circular sets forth the criteria and procedures for offshore listing of subsidiaries of domestic listed companies.
Related legislation: PRC Company Law (Amended), Oct 27 2005, CLP 2005 No.10 p21; PRC Securities Law (Amended), Oct 27 2005, CLP 2006 No.1 p31; Companies Limited by Shares Issuing Shares and Seeking a Listing Outside China Special Provisions, Aug 4 1994 and Sponsorship System for Offering and Listing of Securities Tentative Procedures, Oct 17 2008, CLP 2008 No.10 p72
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