The new supplemental enterprise reorganisation tax measures fail to open any new doors for cross-border reorganisations to qualify for special tax treatment. In addition, they still require fine-tuning with numerous details lacking
As PRC private enterprises are increasingly looking outward for investment, many shareholders are using the call option scheme to hold interests in overseas companies. But before any proceeds can be obtained, investors will encounter complexities in the Chinese foreign exchange legal procedures and need clarifications on implementation
The Measures detail the qualification conditions, subject matter of investments, investment code, risk control and oversight in connection with equity investment with insurance capital.
In last month's issue of CLP, several specialists touched on China's Enterprise Bankruptcy Law with practical insights into winding up a business. Here, the reorganisation procedure and options available to struggling companies are analysed in greater depth
The provision of security to foreign parties for financing purposes by banks in China shall be subject to balance control, and the provision of security to foreign parties by non-bank financial institutions and enterprises shall mainly be subject to approval on a case by case basis.