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	THE DECISION OF THE STANDING COMMITTEE OF THE NATIONAL PEOPLE'S CONGRESS ABOUT AMENDING THE SECURITIES LAW OF THE PEOPLE'S REPUBLIC OF CHINA

	(Order of the President of the People's Republic of China (No. 21), August 28, 2004: The Decision of the Standing Committee of the National People's Congress about Amending the Securities Law of the People's Republic of China was adopted at the 11th session of the standing committee of the 10th national people's congress of the People's Republic of China on August 28, 2004. It is hereby promulgated and shall come into effect as of the date of promulgation)


SUBJECT : SECURITIES LAW; AMENDMENTS
ISSUING DEPARTMENT : THE STANDING COMMITTEE OF THE NATIONAL PEOPLE'S CONGRESS OF THE PEOPLE'S REPUBLIC OF CHINA
ISSUE DATE : 08/28/2004
IMPLEMENT DATE : 08/28/2004
LENGTH : 107 words
TEXT :

The 11th session of the Standing Committee of the 10th National People's Congress of the People's Republic of China decides to amend the Securities Law of the People's Republic of China as follows:

I. Article 28 shall be amended as "Where a stock is issued at a premium, the issuing price shall be determined by the issuer and the underwriting securities company through negotiation."

II. Article 50 shall be amended as "Where a company applies for listing its bonds, it shall be subject to approval in accordance with legal conditions and legal procedures."

This Decision shall come into effect as of the date of promulgation.