PRC enterprises proposing routine outbound direct investments in foreign non-financial sectors, and foreign sellers and joint-venture participants, can benefit from the availability of simpler and faster verification procedures of the Ministry of Commerce (Mofcom).
Outbound unbound?
New measures covering the administration of outbound investment promise faster and simpler review of many small to medium-size PRC direct investments abroad, and more careful review of others. By Neal Stender, Lin Lawrence Zhou and Yan Zeng, of Orrick Herrington & Sutcliffe, Beijing, Hong Kong and Shanghai.
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