Foreign Direct Investment

Foreign enterprises allowed to register their names directly with Guangdong provincial administration.

Policies to clamp down on illegal granting of foreign academic certificates.

Regulation of foreign cruises strengthened.

Renminbi Qualified foreign institutional investors allowed to invest renminbi proceeds raised in Hong Kong in securities in China.

The Provisions elaborate on application requirements for renminbi qualified foreign institutional investors.

The first rural joint venture bank has opened in Ningbo – a sign of the increasing modernisation in China's regions

AmCham's latest China Business Report has some shocking statistics, but contains little that is new. Although companies keep complaining about China's legal system, 77% plan to increase their investments.

Shanghai encourages the use of overseas renminbi by FIEs for capital contribution.

Lawful renminbi income may be used directly for domestic investment.