The Ministry of Finance and Commerce (MOFCOM) issued its Notice 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.
MOFCOM pushes FIVCIEs into record management
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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