Foreign Direct Investment

Foreign investors allowed to engage in futures trading

The Circular cancels the approval requirements relating to foreign direct investment for opening of foreign exchange accounts, deposits into relevant accounts, purchase of foreign exchange for overseas payment and foreign exchange transfers within China.

After completing the necessary foreign exchange registration and capital contribution confirmation procedures, a foreign-invested partnership may directly open foreign exchange accounts and purchase foreign exchange with the bank.

Hong Kong and Macao law firms allowed to operate in association with up to three mainland law firms.

Hong Kong and Macao investors are allowed to set up wholly-owned medical institutions in the mainland.

A new Circular from the State Administration of Foreign Exchange has reduced the approval burden on the capital account, a move that will boost investor confidence by showing a renewed commitment to liberalising foreign exchange controls

A new Circular from the State Administration of Foreign Exchange has reduced the approval burden on the capital account, a move that will boost investor confidence by showing a renewed commitment to liberalising foreign exchange controls

Draft Measures from the NDRC have brought welcome clarity for investors, but it is unclear which foreign investment projects will now need approval from the Commission

Draft Measures from the NDRC have brought welcome clarity for investors, but it is unclear which foreign investment projects will now need approval from the Commission