Issues Relevant to Pilot Reform Projects Regarding the Separation of Equity Ownership and Trading Rights of Listed Companies Circular

关于上市公司股权分置改革试点有关问题的通知

According to this Circular, the a pilot project is launched to reform the separation of equity ownership and trading rights of listed companies.

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(Issued by the China Securities Regulatory Commission on, and effective as of, April 29 2005.)

(中国证券监督管理委员会于二零零五年四月二十九日发布,自发布之日起施行。)

Zheng Jian Fa [2005] No.32

证监发 [2005] 32号