Marbridge Daily

<- September 20, 2011 ->

MOFCOM Explores Possible VIE Regulations

MOFCOM, 9/20/11

Shen Danyang, spokesman for China's Ministry of Commerce, today said that currently there are no laws or policies for the regulation of China's variable-interest entities (VIEs), and the Ministry and other government agencies are currently exploring approaches to regulating VIEs.

When asked at the press conference about earlier reports that the China Securities Regulatory Commission (CSRC) had proposed in its "Report Regarding Overseas Listings by Tudou and Other Internet Companies" that the Ministry of Commerce approve VIE structures prior to overseas IPOs, Shen said he had no knowledge of any such report by the CSRC.

Editor's Note: For more information on this topic, please see "Rumor: CSRC Requests State Council Ban VIEs," MD 9/19/11 issue.

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