New foreign investment law takes effect

Shanghai is unique to the startups as it’s one of the top 10 global innovation ecosystems

Shanghai is unique to the startups as it’s one of the top 10 global innovation ecosystems

  |  DR

Shanghai's market authorities granted their first business license to a foreign-invested enterprise funded by a Chinese individual on Wednesday, when the country's new Foreign Investment Law went into effect.

The law allows Chinese "natural persons" to fund and establish foreign-invested enterprises as domestic investors for the first time, the Shanghai Administration for Market Regulation said. In legal terminology, natural persons are simply individuals or private persons, as opposed to artificial entities like corporations or partnership entities.

Read more in Shanghai Daily.

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