China Banking Regulatory Commission, Tentative Measures for the Administration of Commercial Bank Equity (Draft for Comments)
中国银行业监督管理委员会商业银行股权管理暂行办法 (征求意见稿)
January 11, 2018 | BY
Susan Mok &Issued: November 16 2017 Main contents: If an investor, and its affiliated parties and parties acting in concert, individually or together…
Issued: November 16 2017
Main contents: If an investor, and its affiliated parties and parties acting in concert, individually or together propose(s) to hold for the first time, or cumulatively increase its/their holding by, at least 5% of the total shares of a commercial bank, it shall report the same to the CBRC or its agency for approval in advance. An official reply for an administrative permission for an intent to hold at least 5% of the total shares of a commercial bank through a domestic or foreign securities market shall be valid for six months (Article 4).
No more than two parties among an investor, and its affiliated parties and persons acting in concert, may, as major shareholders, acquire equity stakes in a commercial bank, or no more than one party among them may control a commercial bank (Article 13)
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