Shenzhen Govt. Issues “7 Articles” on Stock Market Development
July 26th, 2004The Shenzhen municipal government has issued a document being dubbed the “7 Articles” (to mirror the State Council’s “9 Articles”) on capital market development.
The title is 关于加强发展资本市场工作的意见 or Guanyu jiaqiang fazhan ziben shichang gongzuo de yijian which one might translate as Opinions on Strengthening Capital Market Development Work.
The document was published in the Gazette of the Shenzhen Municipality People’s Government (Shenzhen shi renmin zhengfu gongbao) (2004 no. 27); which is currently available online in Chinese here on the Shenzhen government website.
Shenzhen even provides English translations of the Gazette’s table of contents. The one including the 7 Articles is here. They translate “yijian” as “proposal” but that’s not right. The document is an enactment of the Shenzhen government, not a proposal. (On the other hand, it is vague generalizations, so perhaps one could understand it as the Shenzhen government’s proposed coruse of action for itself). However translated, it is designated “document no. 106 2004.”
A PRC press report on the Seven Articles is here. A skeptical account is here.