Issued: April 8 2005Effective: as of date of issueMain contents: For individual domestic residents who have carried out foreign exchange registration for…
China's anti-trust regime is still at an early stage of development. This month we have a look at the key features of China's legal environment for anti-trust issues, and compare it with legal regimes in more sophisticated jurisdictions.
Under a recent crackdown by the State Administration for Foreign Exchange (SAFE), cross-border investments and related transactions of "domestic residents" of China are subject to tougher scrutiny, procedures and restrictions.
Regulatory changes that have made it easier to set up new foreign investments, but new rules have displayed an ambiguity over the respective roles of issuing authorities that may confound foreign investors.
A recent report from the State Administration of Commerce has highlighted the government's ongoing concern with monopoly practices by big foreign companies in China, and gives some information about the content of the pending PRC Anti-monopoly Law.