China eases requirements on foreign investments in listed companies

Quick Summary:

New rule aims to draw foreign funds into yuan-denominated A shares by slashing capital requirements and reducing the lock-up period.

The lock-up period – the span during which shares may not be sold – for foreign strategic investors will be reduced from three years to 12 months under the new rule.

For the first time, individuals who can meet the capital requirements will also be allowed to make strategic investments in A-share firms, according to the new rule.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChina

Topics: Investments Assets Firms Capital Strategic Requirements Million Stock Foreign Market Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 23:13:55 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 263 words

Reading Time: 2 minutes read

Sentences: 6 lines

Sentence Length: 44 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23365300

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