Securities Law

PRC Securities Investment Fund Law (Revision Draft)

中华人民共和国证券投资基金法 (修订草案)

The draft proposes a revision to put private equity under scrutiny. According to the draft, publicly or privately raised funds managed by a third party in the form of a company or partnership enterprise are governed with reference to the PRC Securities Investment Fund Law.

Further reading:

PRC Securities Investment Fund Law, Dec 2003/Jan 2004

Circular on Promoting the Compliant Development of Equity Investment Enterprises, Mar 2012

CSRC Circular

China Securities Regulatory Commission, Circular on Issues Relevant to the Implementation of the Measures for the Administration of Securities Investments in China by Qualified Foreign Institutional Investors (Draft for Comments)

中国证券监督管理委员会关于实施《合格境外机构投资者境内证券投资管理办法》有关问题的规定（征求意见稿）

The draft suggests the lowering of the qualification thresholds for QFIIs: requirements on the operating period for asset management institutions, insurance companies, pension funds and sovereign wealth funds is reduced from five years to two years and the securities assets managed by them are also lowered from US$5 billion to US$500 million.

Further reading:

Circular on Issues Relevant to the Implementation of the Measures for the Administration of Securities Investments in China by Qualified Foreign Institutional Investors, Nov 2006

Measures for the Administration of Securities Investments in China by Qualified Foreign Institutional Investors, Nov 2006

Rules for press and publication

General Administration of Press and Publication, Implementing Rules on Supporting the Participation of Private Capital in Publishing Business Activities

新闻出版总署关于支持民间资本参与出版经营活动的实施细则

Under the principle of separation of the editorial and business operations, private investment can now be made to the distribution and advertising businesses of party publishing companies with state-owned capital accounting for 51% or more.

Further reading:

Provisions for the Administration of the Publications Market, May 2011

Guiding Opinions on Accelerating the Reform and Development of Publishing and Media Groups, Apr 2012