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

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[quote=JIMMYB,250308]Article 24 In case an investor assigns the shares of a listed company held by it through A share market, it may make application for remitting out the foreign exchange it has purchased to the administration of foreign exchange at the place of registration of the listed company upon the strength of the following documents: 
1. written application; 
2. The documents of approval for exchange settlement approved by the administration of foreign exchange on the capital within the special foreign exchange account (category of merger) opened for the use of a foreign investor to make strategic investment; 
3. The documents approved by the Ministry of Commerce for alteration of the stock right structure of the listed company; and 
4. The certificate documents of relevant securities transaction issued by a securities brokerage institution. 
Article 25 For the listed companies that the rate of shares hold by the investors is lower than 25 per cent, their borrowed foreign debts shall be handled in accordance with related regulations about borrowed foreign debts of Chinese invested enterprises. 
Article 26 Corresponding staffs of the government organs shall be devoted to their duties, perform their obligations in accordance with laws, shall not seek improper interest by making use of the convenience of their position, and have the duty to keep confidential of the commercial secrete they know. 
Article 27 The investors in Hong Kong Special Administrative Region, Macau Special Administrative Region and Taiwan region make strategic investment shall handle in accordance with these measures. 
Article 28 These measures shall go into effect 30 days after the day of promulgation.

(All information published in this website is authentic in Chinese. English is provided for reference only. )

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