The Ministry of Commerce's draft PRC 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: the PRC Wholly Foreign-owned Enterprise Law (Revised), the PRC Sino-foreign Equity Joint Venture Law (2nd Revision) and the PRC Sino-foreign Cooperative Joint Venture Law (Revised)
China revamps foreign investment rules, tackles VIEs
The new Foreign Investment Law unifies regulations, offers equal treatment and brings variable interest entity structures into the open
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