Strategic investment in A-share companies by foreign investors

By Zhang Yichi, East & Concord Partners
0
2111

On 31 December 2005, the Ministry of Commerce, the China Securities Regulatory Commission, the State Administration of Taxation, the State Administration for Industry and Commerce and the State Administration of Foreign Exchange jointly issued the Measures for the Administration of Strategic Investments in Listed Companies by Foreign Investors, providing a clear legal basis and operational guidelines for strategic investments in A-share listed companies by foreign investors. The measures took effect one month later in January 2006.

张亦弛 Zhang Yichi 天达共和律师事务所 合伙人 Partner East & Concord Partners
张亦弛
Zhang Yichi
天达共和律师事务所
合伙人
Partner
East & Concord Partners

The measures soon were followed in February by a document from the China Securities Depository and Clearing Corporation, the Notice on Relevant Issues Concerning the Opening of A-share Securities Account by Foreign Strategic Investors.

The quick succession of the A-share-focused legislation led to 2006 being dubbed the year of the birth of A-share acquisitions by foreign investors by some market participants.

On 27 September 2013, nearly eight years after the measures took effect, the Ministry of Commerce circulated for public comment a draft amendment of the measures. While the revision has yet to take effect, a close study of the draft will glean certain regulatory trends.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

Zhang Yichi is a partner of East & Concord Partners

East & Concord Logo

北京市朝阳区东三环北路8号

亮马河大厦写字楼1座20层

邮编:100004

20/F Landmark Building Tower 1

8 East 3rd Ring Road North, Chaoyang District

Beijing 100004 China

电话 Tel: +86 10 6590 6639

传真 Fax: +86 10 6590 6639-9

电子信箱 E-mail:

yichizhang@east-concord.com

www.east-concord.com