ANNOUNCED AS TEMPORARYNo
FDI: Treatment and operations, nes
On 8 December 2011 China introduced new rules on foreign-funded investment firms, including barring them from using loans obtained inside China to finance their expansion in China. Thus, foreign-funded investment companies may (with the approval of local foreign exchange bureau) directly use RMB profits, RMB obtained in China by way of early recovery of investment gains, liquidation, equity transfer and capital reduction for domestic investment, which increases the foreign exchange convenience for foreign-funded investment firms.
⚑ Please report this page in case you detect an inaccuracy in its content.