The Provisions address the issues of the application of law concerning disputes arising in the course of the establishment, the modification, etc. of foreign-invested enterprises, which mainly include the validity of contracts without approval and its legal consequences, equity confirmation, equity transfers and equity pledges.
The Measures detail the qualification conditions, subject matter of investments, investment code, risk control and oversight in connection with equity investment with insurance capital.
The provision of security to foreign parties for financing purposes by banks in China shall be subject to balance control, and the provision of security to foreign parties by non-bank financial institutions and enterprises shall mainly be subject to approval on a case by case basis.
Procedural clarification made for preferential tax treatment for non-tax-residents.
The Circular specifies the procedures for foreign exchange registration, its amendment and cancellation, and conversion in connection with overseas direct investments of banks in China.
Mofcom lays down specific rules for the divestiture remedy for anti-monopoly restrictions.
The Measures classify establishments of insurance companies into four grades based on the companies' risk positions and impose regulatory measures accordingly.
The CIRC may release a major shareholder from the restriction on shareholding percentage if it satisfies certain provisions.
The Measures specify the information that an insurance company is required to disclose as well as the method and time of disclosure.
Mofcom delegates approval power over foreign-invested holding companies and venture capital companies to lower-level authorities.