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Path Made Smooth Again

A new regulation from the foreign exchange regulator has returned the right of foreign-invested holding companies to re-invest their dividends in China

02/02/2012

On March 29 2011, the State Administration of Foreign Exchange (Safe) issued a Circular which had a significant effect on foreign-invested holding companies seeking to re-invest their income in China (see Safe, Circular on the Operating Guidelines for Issues Relevant to Requests for Confirmation of Capital Verification Required in the Re-investment of Foreign-invested Companies with an Investment Nature and 'Rocky Road for foreign-invested holding companies', CLP September).

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Path Made Smooth Again
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Authors

Picture of Ulrike Glueck
Dr. Ulrike Glueck
Managing Partner
Shanghai