China warrants back on track



On July 18, the Shanghai Stock Exchange and the Shenzhen Stock Exchange simultaneously promulgated The Interim Rules on the Administration of Warrants after their approval by China's securities regulator, the China Securities Regulatory Commission.

Equity warrants (mostly in the form of subscription warrants) first appeared in China in 1992 before they were prohibited in 1996 by the then securities regulator due to large-scale market irregularity and manipulation. This prohibition has now be