Mergers and Acquisitions

Morgan Stanley's October 2 2006 acquisition of China's Nan Tung Bank resulted in the US investment bank gaining a commercial banking licence in China,…

Promulgated: August 4 2006Effective: September 1 2006Interpreting authority: China Securities Regulatory CommissionMain contents: Apart from retaining…

Promulgated: August 4 2006Effective: September 1 2006Interpreting authority: China Securities Regulatory CommissionMain contents: Apart from retaining…

Promulgated: August 4 2006Effective: September 1 2006Interpreting authority: China Securities Regulatory CommissionMain contents: The new Guidelines revise…

Promulgated: August 4 2006Effective: September 1 2006Interpreting authority: China Securities Regulatory CommissionMain contents: In the case of a management…

China's new Takeover Code imposes stringent information disclosure requirements and clarifies rules to make the acquisition process more efficient.

The Provisions add extra regulation by installing a more transparent and tightly controlled administration system and imposing additional requirements for foreign exchange registration.

The Provisions underline the PRC's concern over inbound M&A activities. It adds extra regulations to the administration system, determination of qualified FIEs, certain M&A activities, and foreign exchange registration.

Under the revisedMeasures for the Administration of the Takeover of Listed Companies(上市公司收购管理办法), which becomes effective on September…