On April 9, the CSRC published the prospectus (declaration) of PICC.

Prospectuses must be signed by two sponsor representatives.

According to the estimates of China Merchants Securities, deducted from the shares, CSFC will hold another 38 million shares of Pudong Development Bank in the second quarter and raise its shares to almost 600 million shares, which account for 2.77 of the bank shares.

2 Actually control 5 equity or more of the securities firm by holding equity of the shareholders of the securities firm or by any other means.

1 Illegally buying securities issued by shareholder of the securities firm or other issuer with major relationship to securities firm against regulation

1 Hold no less than 5 of the registered capital of the securities firm upon subscription or acquisition of the equity of the securities firm or

The non monetary property amount shall not exceed 30 of registered capital of securities firms.

Article 41 A securities firm engaged in securities business for its own account is limited to trading of legally issued stocks, bonds, warrants, securities investment funds or other securities recognized by the securities regulatory agency under the State Council.

The securities firm should sign entrustment contracts with securities brokers who accept such entrustment, issue securities broker certificate, define authorized scope of securities broker and supervise working behavior of securities broker.

(2) Shareholders and actual controllers of a securities firm

Article 38 If a securities firm is engaged in securities brokerage business, it can entrust staff outside of the securities firm as securities broker, engaging in attracting and providing service for customers as agent.

Securities brokers can only accept entrustment of one securities firm for customer attracting and service activities.

Other shareholders of securities firms should comply with the related requirements of the securities regulatory agency under the State Council.

(3) Where any securities broker accepts entrustments of many securities firms at the same time and undertakes activities including client solicitation and client service

(2) Where any shareholder and actual holder of a securities firm force, incite, assist or accept the securities firm to provide financing or warranty with assets of stock brokerage clients or stock asset management clients

Creditor's right transferred to a securities firm from its creditor during business operation of the securities firm is not subject to the provision of item 1 of this article.

The prospectus showed that before the A share issuance this time, the total equity of PICC was 42.424 billion shares. Assuming that the A shares were issued for 4.599 billion shares and did not exercise the option of excess allotment, after the A share issuance, the total equity of the Group would not exceed 47.023 billion shares, of which the A shares would not exceed 38.296 billion shares, and the H shares would not exceed 8.726 billion shares.

On August 11, this is the last day for the open sale of Everbright Securities H shares. News went that the market response was not special for market of the previous two days. According to the plan, it will be listed on the Hong Kong Stock Exchange on August 18.

(3) Enterprises controlled or actually controlled by a securities firm

Capital contribution from shareholder of securities firms should be verified with evidence by accounting firm with related qualification of securities and futures the nonmonetary property should be evaluated by assets evaluation agency with securities related qualification.

(2) expenses on purchasing commercial insurances, securities, stock equities or collections and so on

The board secretary is an officer of the securities firm.

(1) Where a securities firm entrusts others or accepts others entrustments to hold or manage the stock right of the securities firm, or subscribe for, assign or actually hold the stock right of the securities firm

(2) Where any securities broker who engaging in businesses does not present his her certificate of securities broker to his her client

The securities business license should be written with business scope of such securities firm or its domestic branch.

Article 3 Shareholders and actual controllers of securities firms shall not abuse their rights, occupy assets of the securities firm or customers, or impair the legal rights of the securities firm or its customers.

You call them stock, or stock options, derivatives, mortgage backed securities.

Article 32 A securities firm should establish information inquiring system to ensure customers inquiring entrustment record, trading record, securities and balance during business hours of the securities firm, as well as other information such as name, practice license of the business operator and securities broker of the securities firm, certificate number of securities broker, etc.

Securities brokers should work within authorized scope of the securities firm and show securities broker certificates to customer.

The securities regulatory agency under the State Council can enquire the bank accounts of a securities firm and enterprises controlled or actually controlled by the securities firm with approval of a person responsible of the securities regulatory agency under the State Council with a view to make a thorough investigation of business and financial status of the securities firm.

After the listed company finishes the aforesaid public announcement and report, it can complete the securities registration formalities at the stock exchange and the securities registration and clearing company for the specified parties that have purchased the shares.

1 For application of setting up a securities firm at home, or set up, acquire or hold equity of securities agencies abroad, decision should be made within 6 months of handling

Article 82 Where a securities firm conducts trading between its security self operation accounts and portfolio management accounts, or between different portfolio management accounts, and has no sufficient evidences to prove effective separation of these accounts is realized according to laws, it shall be punished according to the provisions prescribed in Article 220 of the Securities Law of the People s Republic of China.

4 Trade between self run securities account and securities assets management account, or among different securities assets management accounts, and has no sufficient evidence proving that it has legally realized effective separation

Specific measures for administration shall be formulated by the securities regulatory agency under the State Council.

No unit or individual can entrust others or being entrusted to hold or manage equity of the securities firm without approval of the securities regulatory agency under the State Council.

Article 71 Where any unit or individual holds or actually holds 5 shares or more of a securities firm without approval, it shall be ordered to correct within a certain period by the securities regulatory agency under the State Council before the correction, corresponding stock rights have no right to vote.

Article 10 Any unit or individual in any of the following circumstances cannot be a shareholder or an actual controller with 5 equity or more of a securities firm

Article 94 Business scopes, qualified conditions of overseas shareholders and their contributive proportions of a foreign invested securities firm shall be formulated by the securities regulatory agency of the State Council and reported to the State Council for approval.

Shareholders of the securities firm shall not violate national prescription by agreeing to exercise voting rights in violation of investment proportion.

(3) Where a securities firm does not report its security self operation accounts or portfolio accounts of its clients to a security exchange for file according to provisions

Article 29 The securities firm that is engaged in securities assets management business, capital and securities financing business, securities related finance product sales should get knowledge of identity, property, income status, securities investment experience and risk preference of customers according to prescribed procedure, and record as well as keep the information in written or electronic form.

The stock market s recent performance often is attributed to the unconventional monetary policies that many central banks have been pursuing. These policies, by design, lowered the return on sovereign bonds, forcing investors to seek yield in markets for higher risk assets like equities, lower rated bonds, and foreign securities.

(1) To inquire directors, supervisors and workers of a securities firm, requiring them to make explanations of issues concerned

Where the listed company receives stocks pricing sensitive information, it shall apply to the stock exchange for suspension of trading and make disclosure in a timely manner.