Corporate Governance

Overseas investors may indirectly own 5% of equity interest in securities companies.

Insurance companies require Rmb200 million to commence business.

Sponsors and investment consultants may be liable for disclosure violations.

Affiliated transactions at a premium price require stringent disclosure and decision-making procedure.

Foreign investors placed under the same entry requirements for publication distribution as domestic investors.

Futures companies allowed to engage in futures investment consultancy services.

CIRC revises establishment criteria for insurance asset management companies.

The Provisions set forth the requirements and application procedures for establishment of publication general distributors, wholsalers, retailers, and leasing and chain enterprises.

A new one sentence supplement to China's criminal law ramps up the government's anti-bribery campaign, extending its reach to punishing Chinese citizens or entities who attempt to bribe government officials outside China. But, several key terms lack definition and enforcement remains a challenge