Export Procurement Centres as a New Foreign-invested Trading Vehicle

A new law issued by the Ministry of Commerce and others has allowed for the establishment of wholly foreign-owned export procurement agencies.

12 minute readJanuary 31, 2004 at 11:58 PM

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By Yang Xun, Kaye Scholer, Shanghai

In January of 2004, Li & Fung, one of Hong Kong¡¦s leading business groups and one of the world¡¦s largest consumer goods trading companies, set up Li & Fung (Shanghai) Trading Co.

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