Corporate Governance

Relaxation of approval authority creates foreign exchange control niche.

China's M&A Rules effectively blocked domestic Chinese companies from raising money on overseas capital markets. But recent Ministry of Commerce guidelines may have provided a way out. By Zhou Jiaxing, Or & Partners, Hong Kong.

Insurance companies allowed to invest in stocks and immovable property.

Entry to China's Gem requires at least Rmb20 million of net assets.

Mofcom makes approvals for outbound investment faster and smoother.

Approval for foreign investments streamlined further.

Lack of workout culture may hamper company rescues in China

Mofcom hands down more approval authority.

Mofcom delegates the authority to approve foreign-invested companies with an investment nature with registered capital of US$100 million or less to provincial-level and sub-provincial-level local authorities.