Lawyer Chen Min, senior partner of DHHT Shanghai Office, has been added as a member of the 15th Xuhui District CPPCC with his excellent professional ability and strong sense of social responsibility.

In order to protect investment returns and control investment risks, state-owned enterprises usually agree on repurchase terms in transaction documents. After the repurchase event occurs, state-owned investors have the right to exercise the repurchase right and ask the repurchase obligor to undertake the repurchase obligation. The equity repurchase of state-owned enterprises usually must comply with a series of provisions such as the Law on State-owned Assets of Enterprises, the Interim Regulations on the Supervision and Management of State-owned Assets of Enterprises, and the Interim Measures for the Evaluation and Management of State-owned Assets of Enterprises. When the relationship between state-owned investors, the target company and the actual controller turns cold, the promotion of the approach transaction will inevitably encounter difficulties in practice. This paper makes a preliminary legal analysis on the regulations, practical dilemmas and legal suggestions of state-owned equity repurchase.

In the legal system of our country, the protection of the minor and the prevention of crime are always in an important position.

The reservation contract is stipulated as the key content in the interpretation, and the relevant provisions are distributed in Articles 6-8.

This paper lists the key contents for interpretation (the text in the following box is the original excerpt of the Measures).

On December 30, 2022, AMAC amended the Measures for Registration and Filing of Private Investment Fund Managers (Trial Implementation) (hereinafter referred to as the Measures for Filing of Private Investment Funds) issued in 2014, renamed as the Measures for Registration and Filing of Private Investment Funds, and drafted supporting guidelines.