China Securities Regulatory Commission, Ministry of Finance, State-owned Assets Supervision and Administration Commission of the State Council and China Banking Regulatory Commission, Circular on Encouraging Mergers and Restructurings, Distributions of Cash Dividends and Share Buybacks by Listed Companies

中国证券监督管理委员会、财政部、国务院国有资产监督管理委员会、中国银行业监督管理委员会关于鼓励上市公司兼并重组、现金分红及回购股份的通知

September 15, 2015 | BY

clpstaff &clp articles

Listed companies encouraged to distribute cash dividends

Issued: August 31 2015
Effective: as of date of promulgation


Main contents: The Circular encourages innovation in payment instruments and financing methods for mergers and restructurings by listed companies. Privately offered convertible bonds by listed companies will be launched.


Listed companies are encouraged to increase the percentage of their profit distributions accounted for by extra cash dividends, and those that satisfy extra dividend conditions are encouraged to implement interim distributions of extra dividends.

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]