Foreign-funded infrastructure projects form a critical part of China's economic development. However, ill-defined and incomplete legislation has over the years compromised the quality and boosted the costs as well as the final product prices of foreign-funded projects.
The China Securities Regulatory Commission (the CSRC, China's securities regulatory body), issued the Establishment of Securities Companies with Foreign Equity Participation Rules (the Securities JV Rules or the Rules) on June 1 2002. The Rules set out the conditions and procedures for the establishment of Chinese-foreign securities joint venture companies and they represent a limited opening up of China's securities industry to foreign investors.
Fangda PartnersThe right of foreign investment enterprises (FIEs) to import and distribute goods in China is one of the focal areas of China's accession…
Jones, Day, Reavis & PogueChinese consumers spent a whopping US$300 billion on food and beverages (F&B) in 2000, accounting for 43% of total consumer…
On June 29 2002, the new Government Procurement Law (GPL) was promulgated and it aims at the establishment of a comprehensive system of Government procurement.
The People's Bank of China (PBOC) issued the Relevant Questions in Implementing the Circular (the Circular) on April 22 2002. This legislation expands on the 2001 Commercial Bank Intermediary Services Tentative Provisions (the 2001 Provisions).
Foreign-funded VC investments in China have failed to materialize and last autumn's national regulations are widely seen as inadequate. So what alternatives do investors have?