MOFCOM pushes FIVCIEs into record management

June 01, 2012 | BY

clpstaff &clp articles

A MOFCOM Notice forces FIVCIEs to record their investments with relevant ministries, but market participants don't think the move will deter foreign investors

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The Ministry of Finance and Commerce (MOFCOM) issued itsNotice on Improving Foreign-Invested Venture Capital Record Management (关于完善外商投资创业投资企业备案管理的通知) on May 7.

The Notice, which came into force on