CHINA SIMPLIFIES PRECEDURES FOR FOREIGN REALTY INVESTMENT
AsiaInfo Services, June, 2009
AsiaInfo Services 06-04-2009 China Simplifies Precedures for Foreign Realty Investment BEIING, Jun 04, 2009 (SinoCast Daily Business Beat via COMTEX) -- The Chinese real estate market is expected to see a foreign investment growth stimulated by simplified foreign exchange registration procedures, according to insiders. Through the website of the Ministry of Commerce of China (MOC), branches of the State Administration of Foreign Exchange (SAFE) and appointed foreign exchange banks can search the name list of foreign-invested real estate firms put on the MOC's records, the SAFE announced days ago. Besides, these departments and banks are allowed to complete foreign exchange registration for such companies and approve foreign exchange purchase & sale on investments in...
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