Archive for May, 2013

Takeover bid: the tender Offer Rules

This entry is dedicated to the description of the “tender offer rules” in the process of a takeovers of a listed company. Today I introduce this theme which is to be completed in the next entry about entries “Obligation of Disclosure of Substantial Shareholdings.”
Tender Offer Rules:
In conformity with the fairness and openness principles, see [...]

Published by admin on May 31st, 2013 tagged China News | 1 Comment »

China to “Pork Out” in the U.S.

Everyone loves bacon, ham, pork chops and so much more from our friend the pig. With the rise in individual income in China, the Chinese are ready to go whole hog and pork out in China.  In a piece written by Tom Philpott entitled, “Is the US About to Become One Big Factory Farm for [...]

Published by admin on May 31st, 2013 tagged China News | Comment now »

Takeovers of listed companies in China and the content of the so called “Takeover Code” (introduction)

Today I am going to delineate the new takeover regime in China and I will also introduce the characteristics of the Takeovers Code. This in order to better understand the legal framework regulating the takeovers of listed companies.
Features of the New “Takeovers Regime in China” and Content of the “Takeovers Code”
Since the new Securities Law [...]

Published by admin on May 30th, 2013 tagged China News | 1 Comment »

Buying shares in China: lot size in the different bourses, and permitted gateways

Today this entry is a little bit more technical, in fact having exposed the functioning of the Chinese Bourses , it is now necessary to spend a few words about the practical aspects of buying shares.
Buying shares in China: lot size in the different bourses, and permitted gateways.
On mainland stock markets, stocks are traded [...]

Published by admin on May 29th, 2013 tagged China News | 1 Comment »

The characteristics of the Chinese Stock Exchanges

The aim of this entry today is to highlights the functioning of Chinese Stock Exchanges, therefore I am going to expose the main elements investors need to know when entering capital markets.
Basic Elements Investors Need to Know about Chinese Stock Exchanges
The Shanghai Stock Exchange (SSE, http://english.sse.com.cn/) is a membership institution closely monitored by the China [...]

Published by admin on May 28th, 2013 tagged China News | 1 Comment »

Acquiring a listed company in China: an introduction to Chinese Stock Exchanges

This entry is intended to offer a panorama of all the elements involved when buying a listed company in one of established Chinese stock markets.
There are three stock exchanges in China (if we consider Hong Kong also): (i) Shanghai Stock Exchange (http://english.sse.com.cn/) and (ii) Shenzhen Stock Exchange (http://www.szse.cn/main/en/) are in mainland China and they impose [...]

Published by admin on May 27th, 2013 tagged China News | Comment now »

Establishing a Presence in China by Acquiring a local listed company

Today with this entry I return to my favorite topic, namely M&A. Having examined all the forms of investment at the disposal of the foreign investor to establish a presence in China, it is now time to spend some more words on an alternative way to conquer a portion of the Chinese market.
Foreign companies wishing [...]

Published by admin on May 24th, 2013 tagged China News | 1 Comment »

Capital markets in China and the role of the so called “Qualified Foreign Institutional Investors”

Foreign investors are granted direct access to China’s capital markets through the so called QFII program, which covers A shares and bonds, and the Renminbi Qualified Foreign Institutional Investors program. The RQFII program enables overseas units of Chinese asset-management companies to invest in yuan-denominated bonds. Substantially the QFII scheme represents China efforts to allow, on [...]

Published by admin on May 23rd, 2013 tagged China News | 3 Comments »

New Visa Laws For China

As reported in an article on the Library of Congress website (http://www.loc.gov/lawweb/), on May 20, 2013, entitled, “China, New Visa System Proposed, Public Opinion Being Solicited”, author Laney Zhang reports:
“On May 3, 2013, China’s State Council published the Regulations on the Administration of the Entry and Exit of Aliens (Draft for Comments) (hereinafter Draft Regulations) online, [...]

Published by admin on May 23rd, 2013 tagged China News | 1 Comment »

China outbound investments

In the past I have examined and explained how the legal framework concerning M&A is organized here in China, but I never mentioned what is the situation of the Chinese outward foreign direct investment in the form of M&A. So, today this entry is dedicated to this important theme.
In fact it is necessary to underline [...]

Published by admin on May 23rd, 2013 tagged China News | 1 Comment »