The Ministry of Foreign Trade and Economic Cooperation Circular of the General Office of Ministry of Foreign Trade and Economic Cooperation on Relevant Issues of Joint Stock Companies with WaiJingMaoZiZi [2001] No.39 May 17, 2001 The commissions (departments) of foreign trade and economic relations of all provinces, autonomous regions, municipalities directly In order to standardize the listing of joint stock companies with foreign investment, this Ministry hereby circularizes the relevant I. The establishment of a joint stock company with foreign investment or the application for turning a joint stock company with foreign II. Where a joint stock company with foreign investment applies to have its A-shares or B-shares listed and issued, it shall win the consent (I) the joint stock company with foreign investment shall, when it is applying to have its shares listed or after its shares have been (II) thejoint stock company with foreign investment applying to have its shares listed shall be an enterprise established or reformed in (III) the proportion of non-listed foreign shares of the joint stock company with foreign investment after its shares have been listed shall (IV) it shall meet other conditions required by the relevant regulations on listed companies. III. Where a B-share company which is a Chinese-foreign joint venture before it has its shares listed is to apply to have its non-listed (I) the proportion of non-listed foreign shares of a joint stock company with foreign investment in the total share capital shall not (II) the non-listed foreign shares planned to be listed and circulated have existed for more than one year; (III) after the non-listed foreign shares have been turned into circulated shares, the successor of the above said company is able to perform (IV) it meets other conditions required by the relevant regulations on listed companies. The non-listed foreign shares held by a joint stock company with foreign investment shall not be turned into circulated shares for Please comply with and implement the above provisions. |
The Ministry of Foreign Trade and Economic Cooperation
2001-05-17