By King & Wood Mallesons’ Banking & Finance Group

On 28 April 2013, SAFE promulgated the Administrative Measures for the Registration of Foreign Debt and an appendix thereto, the Operational Guidelines for the Registration of Foreign Debt (“New Rules on Foreign Debt”). Under the New Rules on Foreign Debt, borrowers are administered as three different groups: government finance agencies, banks, and non-bank borrowers. The New Rules on Foreign Debt have abolished some of the foreign debt approval requirements, clarified previous uncertainties in the practice of foreign debt registration and administration, and consolidated previous regulations on foreign debt registration and administration. The New Rules on Foreign Debt will come into effect on 13 March 2013.
Continue Reading SAFE’s New Rules Simplify Registration of Foreign Debt

By Zeng Xianwu King & Wood’s Foreign Direct Investment (FDI) Group

Since the reform and opening-up policy was introduced in 1978, especially in the past ten (10) years, the People’s Republic of China (the "PRC" or "China") has undergone significant changes.  China is a growth engine for the worldwide economy, fueling global expansion via higher output and trading relationships with other nations as well as greater contributions from domestic consumption.  Over last nine (9) months of 2011, China has already attracted contractual inbound foreign direct investment of USD177.8 billion.  Notwithstanding China’s status as one of the world’s largest economies, and the massive amounts of foreign money invested in China, the basic laws and rules in China governing foreign investment seems mysterious for those who want to invest in China or are accustomed to laws of their countries.Continue Reading Overview of Doing Business in China