China

Since the People's Republic of China (PRC) opened up to foreign trade in 1978, it has promulgated a series of laws and regulations to complement its economic reform programs. There are presently 2 recognized stock exchanges in the PRC: the Shanghai Stock Exchange and the Shenzhen Stock Exchange...

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Bibliographic Details
Published in:	International financial law review p. 20
Main Author:	Chan, Grace K W
Format:	Magazine Article
Language:	English
Published:	London Euromoney Institutional Investor PLC 01-10-1994
Subjects:	Councils Economic reform Enforcement Investments Jurisdiction Law Liability Limited liability companies New stock market listings Renminbi Securities markets Securities regulations Stock exchanges Treasury bills China
Online Access:	Get full text
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Summary:	Since the People's Republic of China (PRC) opened up to foreign trade in 1978, it has promulgated a series of laws and regulations to complement its economic reform programs. There are presently 2 recognized stock exchanges in the PRC: the Shanghai Stock Exchange and the Shenzhen Stock Exchange. The Securities Commission administrates the securities markets in the PRC, with the China Securities Regulatory Commission (CSRC) as its regulatory arm. All offers of securities by a public company must comply with the requirements specified in the Provisional Share Regulations. These requirements are mainly aimed at regulating the amount of registered share capital, net assets and public float of a company. The operation of the PRC securities markets remains subject to quite extensive administrative control and intervention. It is expected that a sophisticated legislative framework that ensures a fair and orderly market will gradually be established.
ISSN:	0262-6969