Capital Markets

Feng Wang of Jingtian & Gongcheng highlights the major asset restructuring rules of companies listed on the Shanghai Stock Exchange STAR Market including the requirements for reverse takeover in light of market-orientated reform.

Alibaba raises $13 billion in Hong Kong secondary listing; MSCI wants more hedging tools and easier settlement cycles before further stock inclusion; Trump signs Hong Kong democracy act in trade war setback

Shanghai-Hong Kong Stock Connect includes stocks with weighted voting rights

China shortens and simplifies market entry negative list; Chinese private firms prefer China over U.S. for IPOs, survey finds; Shanghai-Frankfurt stock connect to be launched; and inbound FDI increases with FTZs enjoying significant growth

Alibaba set for secondary listing in Hong Kong; China lifts four-year U.S. poultry ban; Australia approves Mengniu takeover of infant formula maker; and Jingye Group rescues British Steel from the brink

Alipay allows foreign visitors to use its mobile payments platform; CSRC scraps two-year profit requirement for ChiNext private placements; and MSCI completes plan to increase A share weighting in key benchmark

Foreign investors' bond investments are facilitated

CSRC introduces a side pocket mechanism to prevent unfair fund redemption

Hebei FTZ supports healthcare and life science sectors