Ministry of Commerce and other six departments: This amendment appropriately reduces the asset requirements for non-controlling shareholders of foreign investors

On November 1st, the Ministry of Commerce, the China Securities Supervision Commission, the State-owned Assets Supervision and Administration Commission of the State Council, the State Administration of Taxation, the State Administration of Market Regulation, and the State Administration of Foreign Exchange revised and issued the "Measures for the Administration of Strategic Investment by Foreign Investors in Listed Companies". The revised "Measures" relax the asset requirements of foreign investors. The original "Measures" required foreign investors to have total overseas real assets of not less than 100 million US dollars or total overseas real assets under management of not less than 500 million US dollars. In order to facilitate and promote the introduction of more long-term funds by listed companies, this amendment appropriately reduces the asset requirements for foreign investors who are not controlling shareholders. If the foreign investor does not become the controlling shareholder of the listed company after the implementation of strategic investment, the asset requirements are reduced to the total amount of real assets not less than 50 million US dollars or the total amount of real assets under management not less than 300 million US dollars; if it becomes the controlling shareholder of the listed company, it is still required that the total amount of real assets is not less than 100 million US dollars or the total amount of real assets under management is not less than 500 million US dollars.