Trial Provisions for the Establishment of Subsidiaries by Securities Companies

证券公司设立子公司试行规定

With the approval of the CSRC, a securities company may establish a wholly-owned subsidiary or, alternatively, invest in and establish a subsidiary together with another qualified investor.

Revised on October 11 2012. Latest revision can be found at: http://www.chinalawandpractice.com/Article/3114064/Trial-Provisions-for-the-Establishment-of-Subsidiaries-by-Securities-Companies-Revised.html

 

(Issued by the China Securities Regulatory Commission on December 28 2007 and effective as of January 1 2008.)

Zheng Jian Ji Gou Zi [2007] No.345

(中国证券监督管理委员会于二零零七年十二月二十八日发布,自二零零八年一月一日起施行。)

Article 1: These Provisions have been formulated pursuant to the Company Law, the Securities Law and other relevant laws and administrative regulations in order to meet the requirements of establishing securities company groups and the professional operations and management of securities companies, regulate the establishment by securities companies of subsidiaries and their relationships with such subsidiaries and promote the innovative development of securities companies and the opening of the securities industry to foreign investment.

证监机构字 [2007] 345号

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