Foreign Bourses are Currently Permitted to Have Their Own Representative Offices (RO) in Mainland China
According to China Briefing Blog’s latest report, foreign stock exchanges are currently permitted to have their own representative offices (RO) in mainland China. The measures for the Administration of Foreign Stock Exchanges’ Representative Office in China took effect on July 1, allowing overseas bourses which meet specific requirements to establish one RO in China.  Below is a summary of representative offices’ qualifications and obligations :
 1.      From a country or region that has comprehensive, established laws and regulations relating to financial supervision.
2.      In stable condition and in existence for at least 20 years
3.      Establishment of a physical location and completion of all necessary industrial and commercial registrations as well as tax registrations
4.      At least 50% of Chinese employees in the RO
5.      A good understanding of the finance laws and regulations in China
 6.      A memorandum of understanding on supervisory coordination with the CSRC
7.      Approval certificate issued by CSRC
8.      Report to CSRS about any major changes to the RO after its establishment, including relocation, rename, redesignation of chief representative
9.      Prohibition from conducting any types of advertisements commercial or marketing activities directed towards individuals
10. Three annual reports to the CSRC
Provided by www.PathToChina.com“â€Path To China “ is an International Business Consulting Firm that provides foreign investors with business registration service in China. For business advisory service , please contact Vincent by vincent@pathtochina.com.
| Shanghai: Tel: (8621) 5102.5279 Email: sales@PathToChina.com Suite 9B, 485 HeNan Road (N.) Shanghai 200071 |
USA: Tel: (303) 8006616 Email: sales@PathToChina.com 3801E, Florida Ave., Suite 412, Denver, Co. 80210 |
