SZSE proposed 6 business rules to improve the investment value of listed companies. Issued answers to reporters' questions about the newly-proposed business rules. Follows CHI CSRC April 2024 published opinions on promoting capital market. Also follows CHI CSRC April 2024 issued opinions to reform delisting system. Reduction of Shareholding Published draft SZSElisted company self-discipline supervision…
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S Korea – FSS Cautions on Equity Disclosure
On 24 March 2024, SK FSS issued violations, precautions re equity disclosure. SK FSS updated on violations, precautions re equity disclosure by listed companies. Violations/Precautions The acquisition of convertible bonds (CBs), bonds with warrants, or exchangeable bonds equivalent to 5% or more of the total number of issued stocks shall be reported. The stock acquisition…
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Taiwan – FSC SITCA Major Shareholders Platform
On 1 March 2024, TAI Trust informed members that TAI FSC encouraged the use of responsible person and major shareholder information inquiry platform of TAI DCC.
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China – BIRC Finalized Measure for Major Shareholder Supervision
On 14 October 2021, CHI CBIRC finalized measures for major shareholder supervision. Requires banking and insurance institutions to strengthen management of equity and related-party transactions by shareholders, to prevent abuse of shareholder rights. Clarifies responsibilities and obligations of major shareholders in risk disposal, information reporting, capital supplementation, and shareholder rights negotiation. Measures take effect immediately.…
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China – CBIRC Major Shareholder Behavior
On 17 June 2021, CHI CBIRC proposed measures for major shareholders. CHI CBIRC proposed trial measures to supervise the behavior of major shareholders of banking and insurance institutions, to improve corporate governance, prevent risks. Major shareholders are those that hold more than 15% of equity in specified banking and insurance institutions, hold the most shares,…
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