China Securities Regulatory Commission, Trial Provisions for the Issuance of Exchangeable Bonds by Shareholders of Listed Companies

中国证券监督管理委员会上市公司股东发行可交换公司债券试行规定

November 10, 2008 | BY

clpstaff &clp articles &

Exchangeable bonds issued to solve problems of unloading non-tradable shares.

Clp Reference: 3700/08.10.17 Promulgated: 2008-10-17 Effective: 2008-10-17

Promulgated: October 17 2008
Effective: As of the date of promulgation

Applicability: The term “exchangeable bonds” means corporate bonds issued in accordance with the law by a shareholder of a listed company which bonds may, within a specified period of time and on the agreed terms, be converted into the listed company's shares held by the shareholder (Article 1).

Main Contents: Shareholders that hold shares of listed companies may, through sponsorship of a sponsor, apply to the China Securities Regulatory Commission to offer exchangeable bonds (Article 1). The Provisions set forth the requirements and procedures for offering of exchangeable bonds.

Related Legislation: Measures for Pilot Projects for the Offering of Corporate Bonds, Oct 14 2007, CLP 2007 No.8 p.77

clp reference:3700/08.10.17prc reference:证监会公告 [2008] 41号promulgated:2008-10-17effective:2008-10-17

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