pboc speech, 2005-11-05
The stipulation of '200 contracts' in the Provisional Rules on Entrusted Funds by Trust and Investment Companies as well as the stipulation that 'the issuance of securities to specific objects that amount to more than 200 persons accumulatively shall be regarded as public offering in the revised Securities Law enacted on October 28 this year leaves room for privately-raised trust funds, privately-offered stocks and bonds.
Sentiment: neutral
Topic: mp_economic_activity