China Securities Regulatory Commission, Measures for the Administration of the Offering and Underwriting of Securities (Revised)

中国证券监督管理委员会证券发行与承销管理办法 (修订)

November 09, 2010 | BY

clpstaff &clp articles

Lead underwriters may select their own institutional investors as inquiry recipients for IPOs.

Clp Reference: 3700/10.10.11 Promulgated: 2010-10-11 Effective: 2010-11-01

Promulgated: October 11 2010
Effective: November 1 2010

Main contents: The term “inquiry recipients” means securities investment fund management companies, securities companies, trust and investment corporations, financial companies, insurance institutional investors, qualified foreign institutional investors and institutional investors that have relatively high pricing capabilities and a long-term investment orientation recommended by lead underwriters at their own discretion, which satisfy the conditions set forth herein, as well as other institutional investors approved by the China Securities Regulatory Commission (Article 5).

Related legislation:PRC Company Law (Amended) , Oct 27 2005, CLP 2005 No.10 p.21; and PRC Securities Law (Amended) , Oct 27 2005, CLP 2006 No.1 p.31

clp reference:3700/10.10.11
promulgated:2010-10-11
effective:2010-11-01

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