Foreign Direct Investment

By the end of 2006, pursuant to its agreement with the World Trade Organization, China will allow foreign companies into the business of distributing petrol…

Foreign human resources firms such as Manpower are now allowed to control joint venture firms (JVs) with stakes of up to 70% if they agree to register…

Listed state-owned enterprises (SOEs) present strategic foreign investors with attractive investment opportunities, as they seem to have a pricing advantage and better corporate governance compared with domestic private companies. However, what challenges are involved in acquiring a minority stake in a listed SOE?

The China Banking Regulatory Commission (CBRC) has circulated a draft notice detailing the requirements for foreign banks to conduct retail business in…

New rules currently under review by the State Council on large-scale shopping outlets could impede expansion plans by foreign retailers such as Wal-Mart…

Promulgated: March 31 2006Effective: as of date of promulgationInterpreting authorities: Ministry of Commerce in conjunction with Ministry of Finance,…

Issued: April 20 2006Effective: March 31 2006Applicability: In the event of a discrepancy between this Circular and the Circular on Issues Relevant to…

Issued: May 10 2006Applicability: In the event of a conflict between this Circular and past provisions, this Circular shall prevail (Article 4).Main contents:…

The scope of enterprises eligible for tax refunds on the purchase of domestically-manufactured equipment includes foreign-invested enterprises that are ordinary payers of value-added tax or engage in transport business or the development of ordinary housing.