New Opportunities for Investing in PRC Real Estate Market

In July 2008, MOFCOM issued a circular granting provincial-level authorities more leeway in approving foreign investment real estate projects. Lawrence Guo, a partner at Broad & Bright, looks at how the delegation of power will change the playing field.

15 minute readOctober 15, 2008 at 12:58 AM

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On July 1 2008, the Ministry of Commerce (MOFCOM) issued a circular in which it delegated its “powers of reviewing and verifying the recordal of foreign investment project proposals in the real estate sector” to provincial-level approval authorities.

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