ANNOUNCEMENT 27 Nov 2014

In November 2014, the government of China announced changed rules for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE



Joint announcement by Ministries of Commerce and Civil Affairs (in English)
http://english.mofcom.gov.cn/article/policyrelease/aaa/201412/20141200831534.shtml


Inception date: 27 Nov 2014 | Removal date: open ended

FDI: Entry and ownership rule

 On 27 November 2014, the Chinese Ministries of Commerce and of Civil Affairs announced the opening of the for-profit elderly care sector to foreign investments.
Potential investors will have to submit the following documents:

  1. Application for the establishment;
  2. Description about the conditions (including the place, security, health care and so on);
  3. Contract and articles of association (a foreign-invested enterprise only needs to submit its articles of association);
  4. Namelist of the members of the Board of Directors and directors delegation letter;
  5. Notice on the pre-approval for the names;
  6. Description of the foreign investors' working experience and relevant supporting documents, or the descriptive document on the engagement of management team equipped with corresponding experience in the elderly care service industry; and
  7. Other materials required to be provided according to the laws, rules and regulations.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A