CHINA China introduces new measures for foreign-invested futures firms

CHINA

China introduces new measures for foreign-invested futures firms

Xinhua

23:12, August 27, 2018

Foreign investors controlling over 5 percent of shares in a Chinese futures company should convert these shares into direct stakes, according to the latest requirement of the China Securities Regulatory Commission (CSRC) on Friday.

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Photo: Xinhua

This requirement, as stipulated in the CSRC’s newly-released Administrative Measures for Foreign-invested Futures Company, does not apply to shares held via a securities firm in China or those exempted by the CSRC.


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