Foreign Direct Investment

The end of 2012 saw China's once-in-a-decade power transition. Professor Connie Carter looks at the challenges the new leaders face and how foreign investors will be sidelined

As the 12th Five-year Plan reaches the halfway mark, how close is the country to achieving the goals it set? Progress has been made in offering incentives and subsides, but key legislation that investors are looking for has yet to be passed

As the 12th Five-year Plan reaches the halfway mark, how close is the country to achieving the goals it set? Progress has been made in offering incentives and subsides, but key legislation that investors are looking for has yet to be passed

Foreign investors allowed to engage in futures trading

The Circular cancels the approval requirements relating to foreign direct investment for opening of foreign exchange accounts, deposits into relevant accounts, purchase of foreign exchange for overseas payment and foreign exchange transfers within China.

After completing the necessary foreign exchange registration and capital contribution confirmation procedures, a foreign-invested partnership may directly open foreign exchange accounts and purchase foreign exchange with the bank.

Hong Kong and Macao law firms allowed to operate in association with up to three mainland law firms.

Hong Kong and Macao investors are allowed to set up wholly-owned medical institutions in the mainland.

A new Circular from the State Administration of Foreign Exchange has reduced the approval burden on the capital account, a move that will boost investor confidence by showing a renewed commitment to liberalising foreign exchange controls