Safe Landings: Navigating the Chinese Securities Market
June 04, 2018 | BY
Susan MokSiyuan Liu and Feng Zhao of Jingtian & Gongcheng highlight some key opportunities – and compliance risks – for foreign-invested securities companies in China.
The Measures for the Administration of Foreign-invested Securities Companies (外商投资证券公司管理办法 (the Measures) promulgated by the China Securities Regulatory Commission (CSRC) on April 28 2018 provide various opportunities for foreign-funded securities companies (FSCs) to develop their businesses in China. These include permitting foreign investors' control over FSCs, expanding FSCs' scope of business and further raising requirements on foreign investors' qualifications. The implementation of the Measures not only further opens the Chinese financial market, but should also introduce well-respected foreign financial institutions into the country, both of which are hoped to facilitate further positive and smooth operation and development of the Chinese securities market.
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