Home / Business / Business Highlights Tools: Save | Print | E-mail | Most Read | Comment
SASAC Mulling Regulations on State-owned Share Sales
Adjust font size:

The sales of state-owned shares are only adding to the pressures bearing down on the Chinese stock market. However, the State Council’s State-owned Assets Supervision and Administration Commission (SASAC) is considering passing regulations that would prevent such a share swarm from occurring by carefully supervising the sales of state-owned shares.

 

Some insiders have hinted that the regulations will include “Temporary Methods of Managing Transfers of Shares of Listed State-owned Enterprises” and could be issued as early as this month. The regulations will indicate that for listed state-owned companies with under 1 billion shares, transferred shares should not amount to over 5 percent of total shares within three consecutive years; while for those companies exceeding 1 billon shares, a 50 million share cap will be placed on any one transaction while all shares sold over three consecutive years should not account for more than 3 percent of the total.

For more details, please read the full story in Chinese (http://www.cs.com.cn/xwzx/12/200707/t20070706_1159185.htm)

(China.org.cn July 6, 2007)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
Most Viewed >>

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?