SAFE Crackdown: Round-trips, Private Equity and M&A

March 31, 2005 | BY

clpstaff &clp articles

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.

By Neal Stender and Xiaowei (Sherry) Yin, Coudert Brothers, Hong Kong, Beijing and Shanghai

While foreigners are feeling the indirect effects of the new policy, the direct targets of the crackdown are:

• Investments abroad by domestic residents;

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