FIE reform scraps approval, streamlines regulation

October 27, 2016 | BY

CLP Temp

While China's move to a filing regime benefits most foreign-invested enterprises, other approval requirements require careful attention

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Since foreign investment in PRC companies became permitted in 1979, the Ministry of Commerce (MOFCOM) and its predecessors were the frontline regulators in approving the establishment of foreign-invested enterprises (FIEs).