Wednesday, August 26, 2009
China Liberalizes Foreign Exchange for Overseas Investments
In April 2009, the Ministry of Commerce ("MOFCOM") promulgated a new regulation, Measures for the Administration of Overseas Investment (the "Circular"), which simplified the application process for overseas investments by Chinese companies. "The new rule can help facilitate investment trade and support qualified companies to venture globally," according to a statement by the foreign exchange regulator.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment