Legal analysis: the state-owned shares and legal person shares of listed companies transferred by foreign investors must be paid for 65,438+0 years before they can be transferred according to law, and when foreign-funded enterprises transfer their foreign shares, the state-owned shares and legal person shares transferred by foreign investors are still non-tradable shares and cannot be listed on the exchange for transfer.

Legal basis: notice provisions on the transfer of state-owned shares and corporate shares of listed companies to foreign investors.

Five, the two sides of the transfer by the State Economic and Trade Commission and the Ministry of Finance transfer approval documents, foreign payment vouchers, etc. In accordance with the law, go through the formalities for registration of equity transfer with the securities registration and settlement institution, and go through the formalities for registration of change of shareholders with the administrative department for industry and commerce. Before the transfer price is paid off, the securities registration and settlement institution and the administrative department for industry and commerce shall not go through the formalities of transfer and change registration.

Six, the transfer of state-owned shares and legal person shares of listed companies to foreign investors, both parties shall go through the foreign exchange registration at the foreign exchange administration department before the transfer of shares; Where the equity transfer of foreign capital is involved, the foreign exchange registration of foreign capital shall be changed at the foreign exchange administration department before the equity transfer.

Seven, foreign investors should pay the transfer price in freely convertible currency. Foreign investors who invest in China can also get RMB profits from their investments after being audited by the foreign exchange administration department. Foreign investors can transfer their purchased shares after paying all the transfer price 12 months.

Eight, the transfer of state-owned shares and legal person shares of foreign exchange income, the transferor shall, within the prescribed time limit, with the transfer approval documents submitted to the State Administration of foreign exchange for approval.