Monthly Archives: October 2015


Upon the consent by the Chinese State Council and the approval by the Chinese State-owned Assets Supervision and Administration Commission of the State Council (SASAC), China CNR Corporation Limited and CSR Corporation Limited merged into CRRC (China Railway Rolling Stock Corporation) Limited on the principle of reciprocity, which is an A+H share company. On June 8, 2015, the CRRC was listed on the Shanghai Stock Exchange and Hong Kong Stock Exchange upon the approval by the China Securities Regulatory Commission (CSRC). Headquartered in Beijing, the CRRC has 46 wholly-owned and majority-owned subsidiaries and more than 170,000 employees. Continue reading

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Is there equity in equity?

Cheming Yang

Taiwan is poised to repeal yet-to-be implemented capital gains tax on stock gains. A tax on some capital gains from the stock market was passed by the Legislature in mid-2013, but its implementation was later delayed to 2018 because of fears it would negatively affect turnover in the local stock market. Opponents claimed that the mere existence of the measure was scaring away investors. Continue reading

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