Before PRC Company Law took effect on January 1, 2006, laws or regulations was far from clear as to how much the minimal capital contribution of a foreign invested enterprise(“FIE”) should be. In practice, the authority in charge of establishment of a FIE in China normally required the minimal registered capital of a FIE should …
How much the minimal registered capital of a FIE in China should be? Read More »
Corporate governance has to do with how (business) organizations are run and managed. Organizations with proper corporate governance have accountability and transparency. People empowered to take decisions at those organizations know that their actions will be seen and judged by others. Therefore, those officers are more likely to act in ways that benefit the organization’s stakeholders. …
China has opened the door for a foreign financial institution intending to enter into Chinese trust market, provided that a foreign financial institution meets the requirement by PRC laws on qualification of a foreign financial institution. In details, a foreign financial institution should, as a foreign investor in a trust, must satisfy the following conditions: …
In order to complete the theme about takeovers of listed companies, it is necessary to spend some words about “takeover defenses,” so today this entry is dedicated to this topic which is of extreme importance in this context. Under Article 67 of the Securities Law ( http://www.csrc.gov.cn/pub/csrc_en/laws/rfdm/statelaws/200904/t20090429_102757.htm ), if a “major event” occurs which may …
Today I am going to delineate the new takeover regime in China and I will also introduce the characteristics of the Takeovers Code. This in order to better understand the legal framework regulating the takeovers of listed companies. Features of the New “ Takeovers Regime in China ” and Content of the “ Takeovers Code …
If a foreign bank intends to enter into Chinese market, they need to follow PRC laws and regulations in respect of formation of a foreign bank, branch or representative office in China. PRC government has promulgated multiple laws and regulations regarding formation, management and operations of a foreign bank or non-bank financial institutions. Today I …
China apparently has many deep-pocketed enterprises now and therefore their de factor controller become millionaires or even billionaires. According to press report, there are over 12 million Chinese in China in 2013 who hold liquid assets of from 100 thousand USD to 1 million USD. Also, there are too many billionaires in China, among which …
An overview on Chinese Millionaires and Billionaires Read More »
In spite of the noticeable slowing down of China’s once booming economy, there are still large numbers of wealthy people who are willing and able to pay whatever it takes to get what they want. However, as reported in an article posted on the “English news.cn” website ( http://news.xinhuanet.com ), today, June 6, 2013, China’s …
Having introduced the “share swap” as a new method to acquire a listed company, it is now time to spend some more words to better describe its use in an acquisition process. Foreign-Listed Share Swap: Outlines When acquiring existing equity or subscribing for new equity in a DE, a foreign investor can now pay with …
Today I would like to introduce the theme of the “share swaps” as it represents a new way to acquire a listed company in China. This new method of acquisition was introduced by the M&A Regulations 2006 (available at the following web-site: http://english.mofcom.gov.cn/aarticle/policyrelease/domesticpolicy/200610/20061003434565.html ). Share Swaps : The New Method to Acquire a Domestic Enterprise …
Share Swaps: The New Method to Acquire a Domestic Enterprise (DE) Read More »
