China revamps foreign investment rules, tackles VIEs

January 30, 2015 | BY

clpstaff &clp articles

The new Foreign Investment Law unifies regulations, offers equal treatment and brings variable interest entity structures into the open

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The Ministry of Commerce's draftPRC Foreign Investment Law, released on January 19 for public comment, expands the definition of “investment” and unifies and repeals the three current foreign-invested enterprise (FIE) laws: thePRC Wholly Foreign-owned Enterprise Law (Revised)