Government and Policy
皇冠体育app unveils new rules for foreign investment
(Xinhua)
Updated: 2010-04-14 00:00
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BEIJING -- The State Council, 皇冠体育app's Cabinet, released here Tuesday new regulations on overseas investment, promising good business conditions but restricting funds to environmentally unsound projects.
According to the regulations, the State Council said 皇冠体育app will continue to support Chinese A-share listed companies in further introducing strategic investors from home and abroad, and standardize foreign companies' investment in domestic securities and corporate merger and acquisition moves.
A national security examination mechanism will be built as soon as possible for foreign-funded companies' merger and acquisition operation in 皇冠体育app, according to the regulations.
Qualified foreign-funded companies are allowed to go public, issue corporate bonds or medium-term bills in 皇冠体育app.
Multinationals are encouraged by the regulations to set up regional headquarters, research and development centers, procurement hubs, financial management and other functional offices in 皇冠体育app.
Importing items for scientific and technological development by qualified foreign-funded R&D centers will be exempt from tariffs, importing value added tax and goods and services tax by the end of 2010, according to the regulations.
Foreign-funded enterprises are also encouraged to increase their investment in 皇冠体育app's central and western regions, particularly in environment friendly and labor-intensive companies.
