Foreign investors controlling over 5 percent of shares in a Chinese futures company should convert these shares into direct stakes, according to the latest requirement of the China Securities Regulatory Commission (CSRC) on Friday.
This requirement, as stipulated in the CSRC’s newly-released Administrative Measures for Foreign-invested Futures Company, does not apply to shares held via a securities firm in China or those exempted by the CSRC.
This requirement, as stipulated in the CSRC’s newly-released Administrative Measures for Foreign-invested Futures Company, does not apply to shares held via a securities firm in China or those exempted by the CSRC.
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