Authored by Simon Li (lixiameng@anjielaw.com) and Bo Hu (hubo@anjielaw.com) at AnJie Law Firm
Over the Year 2016, the Chinese government has overhauled its regime of administration over foreign direct investment (“FDI”) by promulgating a series of amendments to laws and new regulations to introduce a record-filing process to replace the pre-approval process, and to shift its focus from pre-approval to post-filing supervision. The new FDI administration regime simplifies administrative formalities and establishes a more efficient system for FDI. It will certainly bring significant and positive influences on foreign investors who plan to invest in China as well as those who are now operating businesses in China through foreign invested enterprises (“FIE”). This article will review those noteworthy changes brought by the new FDI administration regime.