News list for " six departments"
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" facilitate foreign investors' strategic inves...
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 inves...
On November 1st, it was reported that the shareholding ratio and shareholding lock-up period requirements should be appropriately reduced. The original "Measures" stipulated that the proportion of shares of listed companies obtained by foreign investors in the first strategic investment of listed companies should be more than 10%, and the shares obtained shall not be transferred within three years. In this amendment, combined with the securities market regulatory rules, we will abolish the share...
Ministry of Commerce and other six departments: Foreign investors purchasing stocks or depositary receipts of listed companies through QFII/RQFII, Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect, and Shanghai-London Stock Connect do not need to comply with the provisions of the Measures, but must comply with the requirements of relevant regulatory rules of the securities market.
1. Six departments including the Ministry of Finance: It is strictly forbidden to borrow illegally and illegally for municipal infrastructure assets with no or insufficient income, and hidden debts shall not be increased. 2. Central Bank: In July 2024, the bond market issued a total of 6.63839 trillion yuan of various bonds. 3. Central Bank: As of the end of July 2024, the custody balance of foreign institutions in the Chinese bond market was 4.50 trillion yuan. 4. MLF shrinkage and parity renew...
On August 26th, the Ministry of Finance and other six departments formulated and issued the "Measures for the Administration of Municipal Infrastructure Assets (for Trial Implementation) ". The measures emphasize that municipal infrastructure assets invested and constructed by the government shall strictly perform the capital construction approval procedures in accordance with the law, implement the sources of funds, strengthen budget constraints, and prevent government debt risks. It is strictl...
On July 5th, the "Opinions" proposed that the "gatekeeper" responsibility of intermediaries should be compacted. Promote the quality-oriented quality evaluation mechanism for intermediaries of listed companies and bond issuers. Supervise sponsors, accounting firms, asset appraisal agencies, law firms and other intermediaries to strengthen the quality control of practice. Strengthen the supervision and inspection of intermediaries. If intermediaries find fraud involving securities issuers and lis...
On July 5th, the "Opinions" proposed to strengthen the crackdown on financial fraud in specific fields. Punish financial fraud carried out by securities issuers and listed companies through false trade methods such as "idling" and "moving orders" according to law. Strictly crack down on financial fraud carried out by means of supply chain finance, commercial factoring, and bill transactions. Strictly punish financial fraud carried out for the purpose of completing merger and acquisition performa...
On July 5th, the "Opinions" proposed to severely crack down on systemic fraud and cooperative fraud. Closely follow up on the characteristics and evolutionary trends of systemic and gang-type financial fraud, and strictly crack down on systemic fraud through forgery and alteration of certificates, use of fictitious transactions by related parties or third-party cooperation in accordance with the law. Comprehensive punishment of financial fraud planners, organizers, implementers, collaborators, a...
7x24 Newsflash
Hot News
