ANNOUNCEMENT 16 Mar 2009
In March 2009, the government of China announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
PRC Ministry of Commerce, March 16th, 2009. (中华人民共和国商务部令2009年第5号 《境外投资管理办法》)
On 16 March 2009, the Ministry of Commerce (MOFCOM) issued the Measures for the Management of Investment Overseas. (MOFCOM Order '2009' No.5) The Measure entered into force on 1 May 2009.
According to the Art.6 of the Measure, the 'overseas investment' is subject to the approval of MOFCOM if:
According to Art.7 of the Measure, the 'overseas investment' is subject to the approval of the provincial commerce department, if:
According Art.9 of the Measure, the oversea investment shall not be approved under the following circumstances:
The investor himself shall be responsible for the economic and technical feasibility of the oversea investment.