China Implements New Annual Returns and Reporting Procedures for Foreign-invested Enterprises
17 January 2020
New foreign investment information reporting procedures came into effect as of 1 January this year. As outlined in the Measures of the Foreign Investment Reporting System (MOFCOM Order No. 2 ) – legislation jointly formulated by the Ministry of Commerce and the State Administration for Market Regulation – these supersede the previously mandatory approval, record-filing and joint annual report requirements. The Measures also detail the required content of such reports, as well as the relevant submission procedures.
The Measures have been designed as enabling legislation for the previously-adopted Foreign Investment Law and the Regulations on Implementing the Foreign Investment Law. It has also been clarified that these two decrees have analogous application to all investments sourced from Hong Kong, Macao or Taiwan.
Source: Ministry of Commerce
- Mainland China