Foreign Direct Investment

The threshold for establishment of import and export inspection and assessment firms in the Shanghai free zone significantly lowered.

More WOFEs are allowed in the Shanghai free trade zone.

FIEs allowed to convert their foreign exchange registered capital at their own discretion in pilot regions.

SAFE relaxes forex control on cross-border provision of security to facilitate financing.

Record filing is generally applied to foreign-invested projects while check and approval is now applied only in a certain scope.

The new 2014 Measures have replaced the approval system for most foreign investment projects with record filing and delegated more authority to local departments. But investors are still waiting for clearer guidelines for criteria and procedure

The new 2014 Measures have replaced the approval system for most foreign investment projects with record filing and delegated more authority to local departments. But investors are still waiting for clearer guidelines for criteria and procedure

The Measures observe the principle of consistency in the regulatory criteria for Chinese and foreign-funded banks.

Wholly foreign-owned hospitals permitted in seven municipalities and provinces.