Q&A on New China Partnership Rule
PE Hub states, “China is planning new rules that will allow foreign companies to set up locally registered partnerships, a copy of a draft regulation showed, a landmark move aimed at attracting foreign investments.
Foreign firms and nationals who want to start local partnerships must seek approval from China’s Ministry of Commerce, according to document obtained by Reuters from industry sources. Two or more foreign nationals can apply to the commerce ministry, or local government agencies authorised by the commerce ministry, for approval to set up locally registered partnerships.
Foreign companies with good track records in business and have been in operation for at least three straight years can apply. Foreign firms and nationals can also choose to cooperate with Chinese companies and citizens to apply to set up a jointly invested partnership company in China.”
read more: PE Hub
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