Acquisition of domestic enterprises in the encouraged or permitted category which transaction amount is less than or equal to US$100 million may be approved by local authorities.
April 16, 2009
Foreign Direct Investment
Two new sets of guidelines will further streamline the process for approval of foreign investments, but some additional restrictions have been added. By Jonathan Z Zhou, Jessica Xu and Kevin Troy, Fangda Partners.
April 16, 2009China's rejection of Coca-Cola's bid for Huiyuan Juice on anti-monopoly grounds stirred debate on protectionism, and raised unwarranted concerns about future M&A activity in the country
April 16, 2009China's rejection of Coca-Cola's bid for Huiyuan Juice on anti-monopoly grounds stirred debate on protectionism, and raised unwarranted concerns about future M&A activity in the country
April 15, 2009FIEs now enjoy same property tax rates as domestic companies.
March 17, 2009Shanghai offers financial incentives to multinational headquarters.
March 17, 2009FIEs required to calculate property taxes in renminbi.
March 17, 2009New branches of wholly foreign-owned banks may be exempted from pre-payment of tax.
March 17, 2009Hong Kong and Macao investors allowed to be sole owners in the commercial sector.
March 17, 2009The Shanghai government has announced a set of incentives to attract more multinational companies to establish their headquarters in the city. By Laura Yuan, King & Wood.
March 17, 2009