Other Briefings
Administration Rules for Foreign-Invested Partnerships Released
Commentary: Chris Devonshire-Ellis Feb. 16 – China’s State Council has released the administration measures for the establishment of foreign-invested partnerships in China, as outlined in the State Administration of Industry and Commerce Circular [2010] No. 47. The measures take effect from March 1, 2010 and provide an alternative to the establishment of joint ventures and […]
Hong Kong Proposes Financial Dispute Resolution Center for Individual Investors
HONG KONG, Feb. 10 – The Financial Services and The Treasury Bureau has submitted a public consultation paper suggesting plans for a Financial Dispute Resolution Center and Investor Education Council in the territory. The Financial Dispute Resolution Center will provide a one-stop service venue for resolving monetary disputes between an individual consumer and a financial […]
New Issue of China Briefing Magazine: Closing Down Representative Offices and Liquidating Businesses in China
Feb. 8 – In this new issue of China Briefing, we take a look at the procedures for closing down representative offices and liquidating businesses in China. With the global financial crisis slowly beginning to ease and China’s economic growth in steady recovery, many foreign investors are again considering China. However, the chaos of the […]
New Registration Rules for Foreign-Invested Partnership Enterprises
Feb. 3 – The State Administration of Industry and Commerce (SAIC) has released a new order on the registration of foreign-invested partnership enterprises effective March 1, 2010. The new rules aim to manage foreign investors setting up partnership enterprises in China thus improving economic coordination and technology exchange. It covers rules on registration of foreign-invested […]
Beijing Municipality Encourages FDI in Private Equity Fund Companies
BEIJING, Feb. 2 – Local authorities have released a circular encouraging foreign investors to establish wholly foreign-owned private equity (PE) management companies or joint-venture private equity management companies with local companies in its Zhongguancun Independent Innovation Demonstration Zone. The circular called “Tentative Measures for Establishing Foreign-Invested Private Equity Investment Fund Management Enterprises” clarifies the scope […]
China Revises Job Qualifications for Insurance Company Executives
Jan. 28 – China has revised job qualifications for directors, supervisors and senior executives to be employed in insurance companies effective April 1. The new regulations consolidates regulatory compliance requirements for executive jobs, requiring more years of work experience in the fields of economics or finance.
Local Variations on RO Incorporation Procedures Emerging
By Richard Hoffmann Jan. 26 – Since the release of new incorporation rules for representative offices earlier this month, we have been getting reports on variations in how these new regulations are being implemented at the local level. In Guangzhou, it was reported that the total number foreign representatives at an RO cannot exceed three. […]
Individual Online Stores Required to Apply for Business Registration
Jan. 26 – The State Administration for Industry and Commerce has announced tentative measures that requires individuals opening online stores in the country to apply for a business registration. The new measures will be carried out before March 15, 2010. Individuals wanting to open online stores must register their business using their real names. In […]
