Legislation roundup: Advance offerings, outbound investment and lease financing contracts
March 27, 2013 | BY
clpstaff &clp articlesSeveral government bodies have issued a Circular over pilot projects for the advance offering of treasury bonds. MOFCOM has issued Provisions to record unfair competitive acts by Chinese companies and the SPC has released an Interpretation over lease financing contracts
Capital markets
Ministry of Finance, People's Bank of China and China Securities Regulatory Commission, Circular on the Pilot Project of the Launch of Advance Offering of Treasury Bonds
For the first time in China, treasury bonds are allowed to be traded on the national interbank bond market and stock exchange bond markets before offering. The net sale balance of pre-issued treasury bonds of Type-A members of each underwriting syndicate of book-entry treasury bonds may not exceed 6% of the offering volume, while the limit is 1.5% of the offering volume for Type-B members.
See the digest for more details.
Further reading
People's Bank of China and Ministry of Finance, Announcement [2011] No.6
Outbound investment
Ministry of Commerce, Provisions on Regulating Competitive Acts in the Area of Foreign Investment and Cooperation
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