ANNOUNCEMENT 17 Jun 2014In June 2014, the government of China announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Ministry of Commerce, Notice on Further Improving Foreign Investment Approval and Administration Works (in Chinese): http://www.mofcom.gov.cn/article/b/f/201406/20140600637866.shtml
ECNS, 25 June 2014, 'Foreign investment rules eased': http://www.ecns.cn/business/2014/06-25/120850.shtml
Reuters, 24 June 2014, 'China eases rules for some foreign investors': http://uk.reuters.com/article/2014/06/24/uk-china-economy-fdi-idUKKBN0EZ15920140624
On 17 June 2014, China's Ministry of Commerce published its 'Notice on Further Improving Foreign Investment Approval and Administration Works', removing the requirements on foreign investors' initial investment size, minimum registered capital, and curbs on time and currency.
Previously, foreign investors were generally required to contribute at least a quarter of the capital in any joint venture. The relaxation does not apply to the banking and financial sector.
The Notice came into effect retroactively from 1 March 2014.