Mergers & Acquisitions
Monday, 21 September 2009 08:55
Yes. This is controlled through the use of a catalogue which classifies various industries into:
(1) the encouraged,
(2) the permitted,
(3) the restricted and
(4) the prohibited. Currently, a wholly foreign owned enterprise (WFOE) is a restrictive form of corporate structure that covers companies in many industries. More and more investors are opting for a corporate form that appears similar to that in their native country.
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