New Rules on Transfer of Illiquid Shares to Foreigners
August 20th, 2003PRC media today report that Ping Henian, head of the legal division of the CSRC, has said that the CSRC, Ministry of Commerce, State-Owned Assets Administration and Supervision Commission and Ministry of Finance are working on implementing regulations for the November 2002 Notice Concerning Issues Related to the Transfer of State Owned Shares and Legal Person Shares to Foreign Investors, and the two stock exchanges are soon to produce trading regulations for unlisted shares of listed companies.