• CHI CSRC drafted proposal for public feedback re interpretation, application of articles 13 and 14 of Measures for the administration of the takeover of listed companies.

Interpretation

• Related to major shareholding disclosure requirements for investors and their concerted actors when their major shareholding reaches or changes by increments of 5% in listed companies.
• CHI CSRC aims to unify, clarify the interpretation by adopting the scale standard for all cases, making it easier for investors to understand and comply with the regulations.
• This approach is expected to reduce unintentional violations, enhance transparency in market, particularly re major shareholders' equity and corporate control changes.

Effectiveness

• The consultation is open until 4 February 2024.