China Strengthens Supervision of State-Owned Asset Restructuring

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In June 2009, the Chinese government promulgated a series of regulations strengthening supervision of asset restructuring regarding state-owned shareholders in listed companies. The regulations are: Notice on Regulating the Issues Concerning the Asset Restructuring between State-owned Shareholders and Listed Companies (the "Notice"); Interim Measures for the Administration of State-owned Shareholders’ Transfer of Their Shares of Listed Companies (the "Transfer Rules"); the Interim Provisions on the Administration of the Acceptance of Listed Companies’ Shares by State-owned Entities (the "Acceptance Rules"); and Interim Provisions on the Administration of the Marks of Listed Companies’ State-owned Shareholders (the "Marks Rules").

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