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China has quietly taken a critical step in enticing foreign strategic investment in listed companies by allowing long-term investors to buy tradable shares listed on the Shanghai and Shenzhen stock exchanges. Working details of the new rules have not been issued. Lawyers and analysts said the actual implementation of the rules will be crucial, as broad policy guidelines in China can be altered when the government actually puts the rules into effect.
November 10, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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