China’s Securities Regulator Proposes to Relax Control on Foreign Investment in Securities Companies

Summary: In August 2012, China Securities Regulatory Commission (CSRC) published, for public review and comments, draft amendments (the Draft Amendments) to the Rules for the Establishment of Foreign-Invested Securities Companies (the Foreign-Invested Securities Companies Rules) and the Trial Provisions for the Establishment of Subsidiaries by Securities Companies (the Securities Companies’ Subsidiaries Rules). The review period ended on September 22, 2012.