Opinion: SAFE clears the way for round-trip investors
September 10, 2014 | BY
clpstaff &clp articlesSAFE has replaced outdated rules regarding offshore special purpose vehicles with a new Circular that expands funding sources, eases registration burdens and covers equity incentive plans. But the benefit to cross-border transactions depends on implementation, say Haiwen & Partners lawyers
A new regime that adds clarity to investments by Chinese persons in offshore special purpose vehicles (SPVs) is now in place. The State Administration of Foreign Exchange (SAFE) issued the