Capital Markets

• China Securities Depository and Clearing Corporation Limited, Circular on Matters Relevant to the Opening of Securities Accounts for the Wealth Management Products of Commercial Banks

  中国证券登记结算公司关于商业银行理财产品开立证券账户有关事项的通知

  Wealth management products allowed to enter stock exchanges.

  January 16, 2014

• China Securities Regulatory Commission, Measures for the Regulation of Unlisted Public Companies (Revised)

  中国证券监督管理委员会非上市公众公司监督管理办法 (修订)

  Expansion nationwide of the new third board pilot project is formally initiated.

  January 16, 2014

• State Council, List of Investment Projects Subject to Government Check and Approval (2013)

  国务院政府核准的投资项目目录 (2013年本)

  State Council relaxes approval requirements for foreign projects.

  January 16, 2014

• Why the IPO reforms don't go far enough

  A series of reforms should help to restart China's capital markets in 2014. Although the changes are a positive step, they create problems for law firms and leave some serious structural problems unresolved

  January 16, 2014

• Why the IPO reforms don't go far enough

  A series of reforms should help to restart China's capital markets in 2014. Although the changes are a positive step, they create problems for law firms and leave some serious structural problems unresolved

  January 16, 2014

• Shanghai Municipality, Special Administrative Measures for Foreign Investment Access in the China (Shanghai) Pilot Free Trade Zone (Negative List) (2013)

  上海市中国(上海)自由贸易试验区外商投资准入特别管理措施 (负面清单) (2013年)

  The Negative List specifies foreign investment projects that are restricted or prohibited in the Shanghai Pilot Free Trade Zone.

  January 16, 2014

• Opinions on Further Promoting the Reform of the System for Offering of New Shares

  关于进一步推进新股发行体制改革的意见

  The CSRC will review the contents of offer application documents and information disclosures for their legal compliance, but will not make any determination as to the profitability and investment value of issuers.

  January 08, 2014

• China Securities Regulatory Commission, Guidelines on the Disclosure of Major Financial Information and Information on the Business Position Since the Financial Report Audit Date in Prospectuses for the Initial Public Offering of Shares and the Listing thereof of Companies

  中国证券监督管理委员会关于首次公开发行股票并上市公司招股说明书财务报告审计截止日后主要财务信息及经营状况信息披露指引

  Unaudited quarterly financial statements required to be provided in the prospectus after financial report audit date.

  December 31, 2013

• China Securities Regulatory Commission, Guidelines on the Disclosure of Information Relating to Profitability in Prospectuses for the Initial Public Offering of Shares and the Listing thereof of Companies

  中国证券监督管理委员会关于首次公开发行股票并上市公司招股说明书中与盈利能力相关的信息披露指引

  IPO issuers required to provide data comparison with competitors.

  December 31, 2013

• Guiding Opinions on the Launch of the Pilot Project for Preference Shares

  关于开展优先股试点的指导意见

  China allows issuance of preference shares.

  December 17, 2013