The China Securities Regulatory Commission (CSRC) said it issued a draft rules yesterday which would remove many of the controls on share buybacks.
According to the draft published on the CSRC’s website, buyback offers would no longer need approval from the CSRC. Instead, upon obtaining shareholder approval for buybacks, a listed company can proceed after making [...]
Filed under: Chinese Stocks, Regulations by CSMR
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INVESTORS in China will no longer have to pay a stamp duty when they buy shares, a state initiative to provide a boost to the nation’s flagging stock markets roiled further by global financial turmoil.
From today, investors will pay the 0.1 percent tax only when they sell shares, according to a notice from the Ministry [...]
Filed under: Chinese Stocks, Regulations by CSMR
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The China Securities Regulatory Commission (CSRC) has released preliminary rules outlining the operational requirements for brokers seeking to offer margin trading and other businesses, according to a draft published on the commission’s website.
The rules include a provision holding brokers responsible for educating margin investors.
“Securities companies which obtain approval to offer new business categories of securities [...]
Filed under: Regulations by CSMR
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