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
Agile Property Holdings, a PRC land developer listed on the Hong Kong Stock Exchange, has secured a HK$1.592 billion (US$204.85 million) term loan facility…
China Development Bank (CDB) and another lender have provided US$155 million in project financing to Galaxy Resources, an Australian Securities Exchange-listed…
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