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RELEVANT MEASURES FOR OVERSEAS PRIVATE PLACEMENT SETTING UP WHOLLY- OWNED ENTERPRISES WILL BE LAUNCHED
Info-Prod Research (Middle East), June, 2009
According to FDI: Director Fang Xinghai of Shanghai Financial Office released at Spring Meeting of Institute of International Finance on June 11 that China would allow foreign private equity investment companies and venture capital firms to establish wholly- owned subsidiaries or joint ventures in Shanghai, and related policies was expected to be issued within one month.
Fang said that this program has been passed in the executive meeting of Pudong New Area Government and now was under improvement; it would be published recently. In April this year, the Chinese government made it clear that by 2020 China would make Shanghai the international financial center and enhance Shanghai International Financial Center to modernizing level that would promote China's financial...
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