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State Council Regulations for Domestically-Listed Shares Held Overseas of Companies Limited by Shares
(Promulgated by Decree No.189 of the State Council on December 25, 1995)

Article 1

Article 2

Article 3

Article 4

Article 5

Article 6

Article 7

Article 8

Article 9

Article 10

Article 11

Article 12

Article 13

Article 14

Article 15

Article 16

Article 17

Article 18

Article 19

Article 20

Article 21

Article 22

Article 23

Article 24

Article 25

Article 26

Article 27

Article 28

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China - State Council Regulations for Domestically-Listed Shares Held Overseas of Companies Limited by Shares, 1995

MOFTEC

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State Council Regulations for Domestically-Listed Shares Held Overseas of Companies Limited by Shares
(Promulgated by Decree No.189 of the State Council on December 25, 1995)

Article 4

Investors in domestically-listed shares held overseas are limited to:

(1) Natural persons, legal persons and other organizations of foreign countries;

(2) Natural persons, legal persons and other organizations in Hongkong, Macao and Taiwan in China;

(3) Chinese citizens with permanent residence permits in foreign countries; or

(4) Other investors in domestically-listed shares defined by the Securities Committee of the State Council.

For the purpose of subscription or transaction of domestically-listed shares held overseas, such investor shall present valid identity and qualification documents.


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