A review of the full convertibility of H-shares

By Liu Wen, Commerce & Finance Law Offices
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On 8 November 2018, Fang Xinghai, the vice chairman at the China Securities Regulatory Commission (CSRC) said in a forum that the regulators were assessing a plan to extend the H-shares full convertibility pilot programme to more enterprises, with a view to fully roll out the programme as soon as possible once the pilot programme was successful.

刘问 LIU WEN 通商律师事务所合伙人 Partner Commerce & Finance Law Offices
LIU WEN
Partner
Commerce & Finance Law Offices

This news is no less important to the capital market than the establishment of the technology innovation board with a registration-based system experiment, which was announced roughly at the same time.

Under the context of such reform, this article aims to take a retrospective look at the regulatory evolution of the H-shares full convertibility.

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Liu Wen is a partner at Commerce & Finance Law Offices. He can be contacted on +86 139 2521 3344 or by email at liuwen@tongshang.com