China issues new state-owned assets transaction rules
26 septembre 2016
Client Alert | China | M&A
On 24 June 2016, the State-Owned Assets Supervision and Administration Commission of the State Council (“SASAC”) and Ministry of Finance (“MOF”) jointly released the Measures for the Supervision and Administration of Transactions involving State-Owned Assets of Enterprises (Order No. 32, “Measures”), which came into effect the same day. The Measures complement the Interim Measures for the Management of Transfers of State-Owned Property Rights of Enterprises issued by SASAC and MOF in 2003 (Order No. 3) and broaden the scope of transactions in relation to state-owned assets subject to supervision (“SOA Transactions”). They also further detail the rules and requirements for the transaction process.
This Client Alert highlights the main changes brought about by the Measures and their general impact on SOA Transactions.
Please click on the file below to read the full Client Alert.