Tag Archives: major

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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