February 02, 2010
Taking security over assets in China can be challenging, not least due to the various approval and registration requirements for foreign investors
Government takes significant step toward reform of the foreign-invested partnership rules.
SAT cracks down on tax evasion by non-tax-resident enterprises.
Shanghai allows debt-for-equity swaps by foreign-invested enterprises.
Restrictive conditions may be imposed on a concentration transaction.
Number of foreign representatives is limited to four.
Beijing allows establishment of PE and VC firms by foreign investors.
Calculation of the business turnover of a business operator in a concentration clarified.
Shanghai allows debt-for-equity swaps by foreign-invested enterprises, which require the unanimous consent of all the shareholders of the investee enterprises.
The registered capital of a foreign-invested equity investment fund management enterprise shall not be less than US$2 million.