China Economic ReviewThe joint venture fund management firm of the European financial services group Fortis Haitong Securities has received its operating permit from the China Securities Regulatory Commission. Its registered capital is Yn100m, with Haitong owning a 67 per cent stake. Two other joint venture fund management firms – China Merchants Fund Management, a joint venture between […]
The recently implemented provisional rules on mergers and acquisitions involving Chinese enterprises provide for potentially sweeping antitrust requirements that could have major implications for foreign investors. The Provisional Rules on Mergers with and Acquisitions of Domestic Enterprises by Foreign Investors offer a legal basis for the acquisition by foreign investors of assets from and equity […]
New tax incentives have been introduced to taxpayers in the high-tech industry, but they can be difficult to secure in practice. The Chinese government encourages domestic and foreign investment in advanced technologies. It has promulgated a series of preferential tax policies to stimulate and promote the production of high-tech products, provision of high-tech related services […]
The government has issued its first batch of long-term residency permits, allowing 46 foreigners in Beijing to stay in China for up to five years. The permits are part of a new policy to attract foreigners with high-level professional skills. Until now, residency permits have been granted for a maximum of one year and had […]
New rules concerning foreign investment in schools will be introduced on September 1, Xinhua reported. The rules were signed into law in March by Zhu Rongji, in one of his last acts as premier. China allowed majority foreign-owned joint venture schools immediately after it entered the World Trade Organisation. Under the new rules, joint venture […]