China introduces new measures for foreign-invested futures firms
Xinhua
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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.
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.