Corporate Governance

Restrictions set on securities companies' business scope.

CSRC harnesses equity interests in futures companies.

State Council regulations pave the way for margin trading and short sale of securities.

Five measures may be taken to handle securities companies at risk.

Clearer standards to deal with securities-related crimes.

Shareholder right to dissolve the company clarified.

IPOs not allowed within a year of thorough reorganization.

The number of futures companies in which one entity has a controlling interest or equity interest may not exceed two, and the number of futures companies in which it has a controlling interest may not exceed one.

When a securities company is to establish a branch, it shall require the approval of the China Securities Regulatory Commission. A branch shall not have legal personality and its legal liability shall be borne by the securities company.