Foreign Direct Investment

• Draft rules for oil-trade cause concern

  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…

  September 01, 2006

• Foreign HR firms can control JVs in China

  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…

  September 01, 2006

• Case Study: Minority Acquisition of a Listed State-owned Enterprise in China

  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?

  September 01, 2006

• New terms for renminbi business by foreign banks

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

  September 01, 2006

• Foreign retailers face curbs on expansion plans

  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…

  September 01, 2006

• Ministry of Commerce, Ministry of Finance, General Administration of Customs and State Administration of Taxation, Tentative Measures for Checking of the Export of Products of Foreign-invested Enterprises in the Permitted Category Whose Products are Directly Exported in Full

  商务部、财政部、海关总署、国家税务总局产品全部直接出口的允许类外商投资企业产品出口情况检查暂行办法

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

  July 02, 2006

• Ministry of Commerce, Circular on Further Improving the Work of Attracting Foreign Investment into the Logistics Sector

  商务部关于进一步做好物流领域吸引外资工作的通知

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

  June 02, 2006

• Ministry of Finance and the State Administration of Taxation, Circular on Revising the Scope of the Tax Refund Policy for the Purchase of Domestically-manufactured Equipment for Foreign-invested Projects

  财政部、国家税务总局关于调整外商投资项目购买国产设备退税政策范围的通知

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

  June 02, 2006

• Circular on Revising the Scope of the Tax Refund Policy for the Purchase of Domestically-manufactured Equipment for Foreign-invested Projects

  关于调整外商投资项目购买国产设备退税政策范围的通知

  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.

  June 02, 2006

• Circular on Further Improving the Work of Attracting Foreign Investment into the Logistics Sector

  关于进一步做好物流领域吸引外资工作的通知

  In order to further open up the logistics sector to foreign investment in pilot projects, the term 'foreign-invested logistics enterprises' has been expanded and foreign investors may now apply to establish foreign-invested logistics enterprises and engage in one or more types of logistics business.

  June 02, 2006