With the approval of the CSRC, a securities company may establish a wholly-owned subsidiary or, alternatively, invest in and establish a subsidiary together with another qualified investor.
The new Guidelines standardize practices in China's nascent syndicated loan market. Updated areas include expanding the role of the agent, and making changes to the roles of the agent, lenders and borrower.
Incidents of economic crime in Hong Kong have increased by 4% to 26% since 2005, according to PricewaterhouseCoopers¡¦ (PwC) 2007 Global Economic Crime…