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| Circular of China Securities Regulatory Commission on Enterprises Issuing B-shares | | 中国证监会关于企业发行Ｂ股有关问题的通知 |
(May 19, 1999) | |
（1999年5月19日） |
The people's governments of the provinces, autonomous regions, municipalities directly under the Central Government, and municipalities separately listed on the State plan, and relevant departments of the State's Council: | |
各省、自治区、直辖市、计划单列市人民政府，国务院有关部门： |
With a view to developing the market of domestically listed B-shares in foreign currencies (hereinafter referred to as B-shares), and supporting domestic enterprise to raise fund in the B-shares market, hereby notify the relevant matters as follows: | |
为了进一步发展境内上市外资股（以下简称“Ｂ股”）市场，支持国内企业进入Ｂ股市场筹资，现将有关问题通知如下： |
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1.The enterprise that can apply to issue B-shares can be Governmental facility, collective enterprise, or enterprise in other forms of ownership. In principle it shall be company limited by shares which has already formed and operated legally, according with the conditions listed in Provisions of the State's Council on Listed B-shares in Foreign Currencies of the Company Limited by Shares, and meets international investors' requirements. Once the operation of company is mature, its share can be issued.
．．．．．． | | 一、申请发行Ｂ股的企业，可以是国有企业、集体企业及其他所有制形式的企业，原则上应为已经设立并规范运作的股份有限公司，必须符合《国务院关于股份有限公司境内上市外资股的规定》所列条件，能够适应国际投资者的要求。成熟一家，发行一家。
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