Going Public: New Rules Allow Listing of FIEs
December 31, 2001 | BY
clpstaff &clp articlesTraditionally, foreign investment enterprises (FIEs) could only raise capital by means of bank loans and private equity placements. This restrictive capital-raising situation for foreign investment enterprises has now come to an end.
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On November 8 2001, the Ministry of Foreign Trade and Economic Cooperation (MOFTEC) and the China Securities Regulatory Commission (CSRC) jointly issued Foreign Investment Issues Relating to Listed Companies Several Opinions (关于上市公司涉及外商投资有关问题的若干意见) (the Opinions). After being allowed to operate