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Chinese Company and Securities Law/刘成伟(15)
15.1 Introduction and Latest Developments 269
15.2 Entry Standards of the QFII 270
15.3 Strategic Investment vs. QFII: Pros and Cons 272
15.4 Licences Necessary for QFII Investment 272
15.4.1 Grant of the QFII Permit by CSRC 272
15.4.2 Grant of the QFII Quota Certificate by SAFE 274
15.5 Controls over the Investment 274
15.5.1 Investment within the QFII Quota 274
15.5.2 Shareholding Caps 275
15.6 Agencies in the Investment 276
15.6.1 Trading Broker: A Domestic Securities Company 276
15.6.2 Custodian: A Domestic Commercial Bank 276
15.7 Accounts Management 277
15.7.1 Capital Accounts 277
15.7.2 Securities Accounts 278
15.8 Key Provisions at Issue 279
Chapter 16
Transfer of State-Owned Shares in a Listed Company 281
16.1 Introduction and Latest Developments 281
Table of Contents xvii
16.2 Centralization of the Approval Authority 282
16.3 Trading on the Stock Exchange 283
16.3.1 The Approval or Record-Filing Requirement 283
16.3.2 The SASAC Approval on the Trading of SS Shares 285
16.4 Transfer through Shares Purchase Agreement (SPA) 285


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