Ministry of Commerce and State Administration of Foreign Exchange, Circular on Further Strengthening and Standardizing the Examination, Approval and Regulation of Direct Investment in Real Property by Foreign Investors

商务部、国家外汇管理局关于进一步加强、规范外商直接投资房地产业审批和监管的通知

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Possession of the leasehold or property ownership is required before establishing a foreign-invested real property company.

Issued: May 23 2007

Main Contents: A foreign investor that invests and engages in real property development and dealings shall comply with project company principles.

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