China Securities Regulatory Commission, Working Guidelines for the Review in Connection with Administrative Licensing of Securities Companies No.10: Review Requirements for Securities Companies' Share Capital Increase and Change of Shareholders and De Facto Controllers with 5% or More of Equity

中国证券监督管理委员会证券公司行政许可审核工作指引第10号–证券公司增资扩股和变更持有5％以上股权的股东、实际控制人的审核要求

December 18, 2008 | BY

clpstaff &clp articles

Qualifications required for purchase of 5% or more of equity in a securities company.

Issued: May 9 2008

Main Contents: Article 1 of the Guidelines states that where a securities company increases its share capital or there is a change of a shareholder or de facto controller with 5% or more of the company's equity, the following requirements shall be fulfilled:

(1) Prudential regulatory requirements on the share purchase by the purchasing shareholder (including the shareholder that increases its share capital or the equity transferee):

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