ChinaFIG - Chinese Company Requirements to Utilize a Special Purpose Vehicle (SPV) - Article 41, Order #10
ChinaFIG consultants provide guidance to organizations on China Investments and China policies related to Initial Public Offerings (IPOs) in the US and Hong Kong (HKSE).
Chinese Company Requirements to Utilize a Special Purpose Vehicle (SPV) - Article 41, Order #10
A Chinese Company which will submit its equity shares for purposes of listing abroad is required to meet the following requirements:
1. the ownership title of the land rights is absolutely clear and there is no pending or potential question regarding the rights;
2. a fully functional business system is in effect and is sustainable;
3. it retains a proper business operation structure and internal control system;
4. there have been no significant acts in violation of the law by the company or the shareholders for the past three years.