China Securities Regulatory Commission, Measures for the Regulation of Unlisted Public Companies

中国证券监督管理委员会非上市公众公司监督管理办法

Investment of venture capital funds in the over-the-counter markets being regulated.

Promulgated: September 28 2012

Effective: January 1 2013

Applicability: The term “unlisted public companies” refers to companies limited by shares whose shares are not listed on any stock exchange for trading and that fall under any of the following circumstances:

 

(i) the shares are issued or transferred to particular targets, resulting in an aggregate number of shareholders of more than 200; and

(ii) the shares are transferred to the public in a public manner (Article 2).

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