Shanghai Bound: New Regulations Seek to Attract Regional HQs

September 02, 2002 | BY

clpstaff &clp articles

On July 20 2002, the Shanghai municipal government issued the Encouraging the Establishment of Regional Headquarters by Foreign Multinational Corporations Tentative Provisions (the Tentative Provisions) to make itself attractive as a centre for international business, but how inviting are the provisions in the new law?

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Many multinational companies, particularly those that have multiple investment projects in China, have long asked the Chinese government to recognize their need for in-country holding companies. Ideally, such holding companies