China proposes eased rules on foreign strategic investment in listed companies

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China proposes eased rules on foreign strategic investment in listed companiesChina proposes eased rules on foreign strategic in listed companies

(Reuters) – China’s commerce ministry has proposed some rule-changes to facilitate foreign strategic investment in listed companies, its latest move to ease foreign investment curbs amid Beijing’s trade dispute with the .

In draft rules posted on its website on Monday, the ministry proposed to loosen certain terms regulating such foreign strategic investment, including reducing the amount of assets it requires foreign to hold to qualify for such investments in Chinese listed companies.

The lock-up period facing foreign investors after they invest in A- of listed companies would be reduced to one year from three at present, according to the draft rules.

The statement said draft rules would apply to “strategic investment” made by foreign investors to obtain and hold for a certain period of time listed companies’ A-shares through agreements, the issuance of new shares, tender offers and other means as stipulated by laws and .

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The public consultation period for the proposed rules runs until Aug. 29, the statement said.

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Source: Investing.com