Jurisdiction - China
Reports and Analysis
China – Supplementary Provisions To The Measures Governing Foreign Invested Commercial Enterprises.

5 June, 2012

 

Legal News & Analysis – Asia Pacific – China – Regulatory & Compliance

 

On April 10, 2012, MOFCOM issued the Supplementary Provisions V to the Measures for Administration of Foreign Investment in the Commercial Sectors, which took effect immediately. The supplementary provisions permit one same Hong Kong or Macao service provider which has aggregately opened more than 30 stores in the Mainland and traded different types and brands of grains provided by various suppliers to operate as a wholly foreign-owned enterprise within Guangdong province, on a trial basis. The capital contribution ratio of other overseas investors which have aggregately opened more than 30 stores in the Mainland and traded different types and brands of grains provided by various suppliers is still limited to 49%. 

 

 

For further information, please contact:

 

Elizabeth Cole, Partner, Orrick

ecole@orrick.com
 
Thomas Man, Partner, Orrick
tman@orrick.com
 
Brad Herrold, Orrick
bherrold@orrick.com
 
Veronica Lockyer, Orrick
vlockyer@orrick.com
 
Yan Zeng, Orrick
yzeng@orrick.com

 

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