Legal considerations of foreign investment in the People's Republic of China
Article Abstract:
Chinese policy toward foreign investment was to encourage investment in key areas and deter investment elsewhere. There are a large numbers of laws at both national and local level affecting investment, and these may be supplemented by laws which are not published. Experience is thus useful in dealing with investment in China. Key documents include a letter of intent, a joint venture contract and articles of association. Relevant legislation includes residency rules governing the work force, which can affect their availability.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1995
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Valuing Chinese target companies
Article Abstract:
Valuation techniques are different in China compared to western countries and foreign investors need to understand the local context in order to assess asset values. The Chinese government aims to avoid state enterprises being sold too cheaply. There are still intangible assets which Chinese valuers could undervalue and these include brands, technology, access to road, rail and other means of transporation, skills in the work force, and a management which is geared toward the market.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1995
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A vision for China
Article Abstract:
China has seen rapid economic growth and has attracted large amounts of foreign investment. Political instability has been reduced with rises in living stndards. There is a need for further reforms of state enterprises, taxation and government spending, in addition to control of inflation and corruption, and the setting up of a capital market in China. Banks and foreign exchange also need to move away from the state planning system.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1995
User Contributions:
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