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BIZCHINA / Policies |
M&A laws and regulations(China Daily)
Updated: 2007-11-12 06:29 The Law of the People's Republic of China Against Unfair Competition, adopted in 1993. Provisions on changes in equity interest of foreign-invested enterprises, issued by the Ministry of Foreign Trade and Economic Cooperation and the State Administration for Industry and Commerce in 1997. The Contract Law of the People's Republic of China, adopted in 1999. Interim provisions on the acquisition of domestic enterprises by foreign investors, which provided the first firm legal basis for the acquisition of equity in a non-foreign-invested PRC company by a foreign investor and permitted a number of transaction structures that previously been of dubious legality. The provisions were issued by the Ministry of Foreign Trade and Economic Cooperation, the State Administration of Taxation, the State Administration for Industry and Commerce, and the State Administration of Foreign Exchange in 2003. Tentative administrative measures for the transfer of State-owned property rights, issued by the State-Owned Assets Supervision and Administration Commission and the Ministry of Finance in 2003, which became effective on February 1, 2004. Provisions on acquisition of domestic enterprises by foreign investors that took effect in September, 2006. Anti-Monopoly Law, which will come into force next August. |
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