Ministry of Commerce, Circular on Issues Relevant to Cross-border Direct Investment in Renminbi
商务部关于跨境人民币直接投资有关问题的通知
FDI in Rmb officially allowed.
Issue: November 2011
CLP Reference: 2300/11.10.12
PRC Reference: 商资函 [2011] 第889号
Promulgated: 12 October 2011
Effective: 12 October 2011
Keywords (click to search):
cross-border direct investment
renminbi
foreign investors
reinvestment
foreign-invested enterprises
Issued: October 12 2011
Effective: as of date of issuance
Applicability: The phrase “cross-border direct investment in renminbi” means the activity whereby a foreign investor invests directly in China according to law with lawfully-obtained offshore renminbi (Article 1). The term “offshore renminbi” means: renminbi that a foreign investor has obtained through cross-border trade settlement as well as renminbi lawfully obtained...
Please login or register below to read this article.