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Highlights of the new PRC securities law

TieCheng Yang (Han Kun Law Offices, People’s Republic of China)
Yang Chen (Han Kun Law Offices, People’s Republic of China)
Scarlett Zhang (Han Kun Law Offices, People’s Republic of China)
Virginia Qiao (Han Kun Law Offices, People’s Republic of China)
Zhenyu Wang (Han Kun Law Offices, People’s Republic of China)
Shuozhu Zheng (Han Kun Law Offices, People’s Republic of China)

Journal of Investment Compliance

ISSN: 1528-5812

Article publication date: 26 November 2020

Issue publication date: 11 May 2021

115

Abstract

Purpose

To introduce the Securities Law of the People's Republic of China (the “Securities Law 2019”) revised on 28 December 2019, and provide a detailed analysis on its key implications to the securities regulatory regime and market activities, especially securities issuance and trading activities in China.

Design/methodology/approach

This article starts from a historical overview of the Securities Law and its several revisions and amendments, highlights the notable core revisions in the Securities Law 2019, analyzes the key legal and regulatory impacts to the securities-related activities and market players, and finally, provides an outlook to the future developments of securities regulatory regime in conformity with the Securities Law 2019.

Findings

This article concludes that the revisions made to the Securities Law 2019 cover a broad range of issues including the issuance and trading of securities, acquisition of a listed company, information disclosure, securities registration and settlement, etc. Such revisions to the Securities Law will lead to far-reaching and profound implications on the securities regulatory system and industry practice in China.

Practical implications

The Securities Law 2019 attracts broad attention from securities market players as well as relevant professionals of the industry, including securities lawyers. As this is a novel and hot topic within the industry, it is important for securities lawyers to keep on track.

Originality/value

High-level guidance from experienced lawyers in the Capital Markets and Financial Regulation practices.

Keywords

Citation

Yang, T., Chen, Y., Zhang, S., Qiao, V., Wang, Z. and Zheng, S. (2021), "Highlights of the new PRC securities law", Journal of Investment Compliance, Vol. 22 No. 1, pp. 20-28. https://doi.org/10.1108/JOIC-07-2020-0012

Publisher

:

Emerald Publishing Limited

Copyright © 2020 Han Kun Law Offices.

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