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

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[quote=JIMMYB,250300]Source: Ministry of Commerce Website.

Article 1 These measures are formulated according to the requirements of Guiding Ideas for the Reform of Tax Incentives Regarding Non-tradable Shares and in accordance with laws and regulations relating foreign investment, supervision of listed companies and Temporary Measure on Foreign Investors Purchasing of Internal Enterprises for the purposes of regulating strategic investments of foreign investors in A Share listed companies (listed companies in short below) after the reform of tax incentives regarding non-tradable shares，safeguarding the order of bond market, introducing advanced administration experience, technology and funds of foreign countries, improving administrative structure of listed companies, as well as protecting legitimate rights and interests of listed companies and shareholders. 
Article 2 these measures apply to the activities of foreign investors (investors in short below) obtaining A Share of the companies by a certain scale mid-long term strategic purchasing investment in the listed companies that have finished the reform of tax incentives regarding non-tradable shares and new listed companies after the reform of tax incentives regarding non-tradable shares (strategic investment in short below). 
Article 3 The investors may make strategic investment in listed companies in accordance with these measures with the approval of the Ministry of Commerce. 
Article 4 The following principles shall be followed in the strategic investment: 
1. abide by national laws, regulations and corresponding industrial policy, shall not harm national economic safety and social public interests; 
2. persist in the principle of open, just and fair, safeguard legitimate rights and interests of listed companies and their shareholders, accept the supervision of the government, social public and 
jurisdiction of Chinese judicature and arbitration; 
3. encourage mid long term investment, safeguard regular order of bond market, shall not make speculation; 
4. shall not hinder fair competition, shall not cause corresponding product market in China over-centralization, elimination or restrict competition.[/quote]

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