IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 28 Jul 2017 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

On the 30th of July 2017, the Ministry of Commerce of the PRC (MOFCOM) announced that entities transforming from from domestic to foreign-invested enterprises through M&A procedures would no longer have to undergo the approval procedure from the Competent Comission of Commerce (COFCOM), instead only requiring the undertaking of simplified filing procedures with them.

Restrictions still exist for firms which conduct business in sectors listed on the 'restricted' or 'negative' lists present in the 'Foreign Investment Catalogue' (see related state act).

This policy greatly simplified the process of M&A of Chinese domestic enterprises for a large proportion of foreign investors.

AFFECTED COUNTRIES

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