Steady as she goes China's new Securities Law

November 30, 2005 | BY

clpstaff &clp articles

China's new Securities Law heralds better times ahead for fund raisers and investors alike. Still, a lot remains to be done to bring the regulatory function of the country's securities market in line with regional competitors.

By Yang Tiecheng, Alan Xu and Allen Zhong, Clifford Chance, Beijing, Hong Kong

INTRODUCTION

On October 27 2005, the Standing Committee of the National People's Congress (NPC) adopted amendments to the original 1999 PRC Securities Law(中华人民共和国証券法), which was amended slightly in 2004 ('Old Securities Law'). The most recently amended Securities Law ('New Securities Law'), which took effect on January 1 2006, involves amendments to more than 100 articles and may even assume a new name as a new law.

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