• CHI CSRC, CHI SAFE, CHI CMRC, CHI Tax, CHI SAMR jointly issued the Measures for the administration of strategic investment by foreign investors in listed companies.
• CHI CSRC also issued answers to reporters' questions regarding the measures.
• Aims to further broaden the channels for foreign investment in the securities market.

Amendments

• The revised measures mainly lower the investment threshold across five aspects.
• Relaxes the measure to allow foreign natural persons to make strategic investments.
• Lowers the asset requirement to a total asset amount of no less than USD 50mn or a total amount of actual assets under management of no less than USD 300mn.
• Allows foreign investors to implement strategic investment through tender offers.
• For strategic investment implemented through private placement and tender offer, it is permitted to use shares of overseas non-listed companies as payment consideration.
• Also reduces the shareholding ratio and shareholding lock-up period requirements.

Effectiveness

• The revised measures will be effective from 2 December 2024.