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Thread: Measures for Administration of Strategic Investments of Foreign Investors inListed Companies

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[quote=JIMMYB,250301]Article 5 An investor shall meet following requirements when making strategic investment 
1. obtain A Share of listed companies by transferring agreement, listed companies issuing directional new shares and any other forms as stipulated by national laws and regulations; 
2. the investment may be made by stages, the proportion of the share obtained after the initial investment shall not be lower than 10 percent of the shares the company has issued except for the special provisions for special industries or with the approval of corresponding competent administration; 
3. A Share of listed companies that have been obtained shall not be transferred to others within three years; 
4. for the industry for which there are clear provisions by any law or regulation on the proportion of shares held by a foreign investor, the proportion of shares of the aforesaid industries held by an investor shall comply with the relevant provisions; for any fields to which foreign investment is prohibited by any law or regulation, the investor shall not make investment in any listed company in the aforesaid field; and 
5. the state share holders of listed companies shall meet corresponding regulations of administration of state assets. 
Article 6 The investors shall meet following requirements: 
1. foreign legal persons or other organizations established and operating in accordance with laws, have stable financial affairs, creditworthy, and ripe management experience; 
2. its total real assets abroad is no less than 100 million USD or total real assets managed abroad is no less than 500 million USD, or total real assets of its parent company abroad is no less than 100 million USD or real assets managed abroad is no less than 500 million USD; 
3. have perfect administrative structure and fine internal control rules, operation is standard; and 
4. It (including its parent company) has no records of grave penalties by any regulatory institution both at home and abroad within the past three years; 
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