China’s new securities law: the future for China’s securities market

Lin Zhong, Senior Partner, (linzhong@haoliwen.com), and Li Xing, Associate, (lixing@haoliwen.com), HaoLiWen PRC Attorneys.

Outlines of China’s New Securities Law

On October 27, 2005, the Standing Committee of the National People’s Congress (China’s supreme legislature) approved amendments to China’s 1998 Securities Law (“the 1998 Law”) which will take effect on January 1, 2006.