Transportation

Foreign investment catalogue revised to allow more foreign shareholding.

Foreign investment catalogue revised to allow more foreign shareholding.

China's auto industry has faced many changes in market entry policy, enforcement action and sales and distribution rules, but 2015 could be one of the most difficult years so far. Here is what car makers need to know to survive

China's auto industry has faced many changes in market entry policy, enforcement action and sales and distribution rules, but 2015 could be one of the most difficult years so far. Here is what car makers need to know to survive

More WOFEs are allowed in the Shanghai free trade zone.

More foreign-invested projects have been removed from the Shanghai FTZ negative list.

Prior approvals for the establishment of (sub-)branches in the FTZ by marine insurance operation centres and reinsurance companies located in Shanghai are abolished

The Measures specify that, among the promoters, at least one is to be a qualified commercial bank, manufacturer or foreign lease financing company and its capital contribution is to account for not less than 30% of the share capital.

New Measures have opened up investment opportunities for aircraft and vessel lease financing companies. But Xin Zhang and Miller Wang believe more clarity and support is needed before companies can start to set up offshore and tap into the global leasing market