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Administrative Measures on Renminbi Settlement for Foreign Direct InvestmentJohn V. Grobowski,Yiqiang Li,Wendy Yan, November 16, 2011 On the same day that China's Ministry of Commerce (MOFCOM) issued the Circular on Issues Concerning Cross-Border RMB Direct Investment (Final RMB Investment Circular, summarized elsewhere in this issue of China Law Update), the People's Bank of China (PBOC) released the Administrative Measures on...
Circular on Issues Concerning Cross-Border RMB Direct InvestmentJohn V. Grobowski,Yiqiang Li,Wendy Yan, November 16, 2011 The Ministry of Commerce (MOFCOM) has finalized rules permitting foreign investors to use RMB funds legitimately obtained outside China to make direct investments inside the country, with some restrictions. MOFCOM, the primary regulator of foreign-direct investment (FDI) matters in China, released...
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