Tag Archives: Beijing

CAPITAL VERIFICATION REPORT – STILL REQUIRED?
Mar. to Jun. 2015 China Bulletin

As reported in New Foreign Exchange Rules for FIEs, a foreign invested enterprise (FIE) in China should no longer be required to apply through the State Administration for Foreign Exchange (SAFE) to verify receipt of an injection of paid-in capital.  It need no longer hire a qualified CPA to produce a Capital Verification Report (CVR).  Instead, the FIE can request its SAFE-certified bank handle the capital registration procedure. Continue reading

CIETAC DISPUTE: RISKS OF UNCERTAINTY
April-May China Bulletin

Following the split between the China International Economic and Trade Arbitration Commission (CIETAC) in Beijing and the Shanghai and Shenzhen sub-commissions  [see July 2012 China Bulletin], the two sub-commissions went through several name changes, among which are the Shanghai International Arbitration Center (SHIAC) and Shenzhen Court of International Arbitration (SCIA).  In the meantime, Beijing CIETAC has attempted to direct all designation to use CIETAC arbitration in existing agreements to itself. Continue reading