Foreign Direct Investment

Tax policy continued to encourage R&D institutions.

Tax policy continued to encourage foreign-invested R&D institutions.

More new rules have been published that clarify the cross-border flow of Renminbi and they signal that China has formally opened the channel for cross-border and nation-wide Renminbi foreign direct investment

More outbound cross-border Rmb investments expected from FDI earnings.

Onshore oil exploitation pays resource tax.

FDI in Rmb officially allowed.

Offshore oil exploitation pays resource tax.

Increase in cross-border Rmb investments expected

These Measures govern the handling of renminbi settlement matters relating to foreign direct investment by banks.