In an exclusive interview with China Law & Practice, Yu Jianlong, vice-chairman and secretary-general of the China International Economic and Trade Arbitration Commission, speaks to Phil Taylor about the Commission's systems and structure, and how it can fight misperception
Relaxation of approval authority creates foreign exchange control niche.
A recent circular relaxes approval authority for foreign-invested venture capital funds. It is the latest in a line of regulatory changes which may create a useful foreign exchange control niche for these enterprises. By Richard Guo, Stephanie Zhu and Flora Qian, Fangda Partners.
Mofcom's delegation circulars have limited effect
Relaxation of approval authority creates foreign exchange control niche.
No more full rebate of VAT to foreign-invested enterprises.
Approval for foreign investments streamlined further.
Mofcom delegates the authority to approve foreign-invested companies with an investment nature with registered capital of US$100 million or less to provincial-level and sub-provincial-level local authorities.