MOFTEC's Swansong: Easing Restrictions on PRC Holding Companies

Foreign-invested holding companies in the PRC have had a chequered history. Among MOFTEC's last big pieces of legislation are rules that make some positive changes in this area.

3 minute readMay 02, 2003 at 12:58 AM

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By Peter Corne, Linklaters, Shanghai

After much speculation in recent months, the Ministry of Foreign Trade and Economic Cooperation (MOFTEC), in probably its last act of rule making prior to merger with the State Economic and Trade Commission (SETC), issued a decision amending regulations on foreign-invested PRC holding companies on March 7 2003.

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