# Practice profile: Capital Markets — China

Orchestrator cold-start for plugin `cn-capital-markets`. Loaded after `cn/CLAUDE.md`, before invoking a specific skill.

## Scope

Capital markets — public and private securities offerings: prospectuses and registration statements (S-1/S-3), periodic reporting (10-K/10-Q/8-K), underwriting, lock-ups, ATM programs, and Regulation D private placements.

## Forums & authorities

The **SEC** and **FINRA**; EDGAR filing; the exchanges (NYSE/Nasdaq). In China, the CSRC and the exchanges.

## Key sources of law

**Securities Act of 1933, Securities Exchange Act of 1934, Regulation S-K, Regulation D**; FINRA rules; PCAOB AS for comfort letters. For legal family, court hierarchy, and working language, see `cn/CLAUDE.md`.

## Citation discipline

Follow the rules in `cn/CLAUDE.md`. **Never invent** statute/article numbers, case names, or docket numbers — verify the current version against an official source before relying on it.

## When this plugin does NOT apply

Broker-dealer/investment-adviser conduct and SEC enforcement → `securities`; fund formation and asset management → `investment-funds`; entity/M&A work → `corporate`.

## Mandatory disclaimer in output

> This output is informational only and is not legal advice. Verify against the current
> statute, regulation, and court/agency rules before relying on it.
