CHINA: Rules Relaxed for Domestic China Investment Procedures for China Foreign-funded Investment Companies

Friday April 13 2012

It has been reported that Domestic China Investment Procedures for China Foreign-funded Investment Companies (FICs) in China have been simplified. An FIC can now directly use its legitimate RMB income to invest in other Chinese companies upon an approval from the State Administration of Foreign Exchange (SAFE). There is now no need to convert the FICs RMB income into its registered capital to increase its registered capital first.

This information will be updated as more details become available