Legislation roundup: Employee shares, factoring projects and insurance shareholder restrictions
August 10, 2012 | BY
clpstaff &clp articlesThe China Securities and Regulatory Commission has issued draft Measures allowing employees to enjoy shareholding schemes. The China Insurance and Regulatory Commission has also released Measures disallowing shareholders of insurance companies to sell privately offered bonds to their own company
Stock Option Plans
China Securities Regulatory Commission, Tentative Measures for the Administration of Employee Shareholding Schemes of Listed Companies (Draft for Comments)
The total number of shares involved in all the valid employee shareholding schemes of a listed company may not exceed 10% of the company's total share capital. Employees may not use more than one third of their family financial assets to participate in such schemes and the lock-up period may not be less than 36 months.
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