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ARTICLE · 01 APRIL 2010

RMB Funds – SAIC Circular 31

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The State Administration for Industry and Commerce (the "SAIC") issued Circular 31 on 10 February , 2010, as a further step in the development of foreign-invested partnerships ("FIPs") following its issuance of Circular 47, the Administrative Measures for the Registration of Foreign-invested Partnership Enterprises (the "Registration Measures"), in January 2010.

ChinaFinance and Banking
Phillip Smith
Phillip Smith
Yong Ren
Yong Ren
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Originally published 1 April 2010

Keywords: RMB FUnds, SAIC Circular 31, foreign-invested partnerships, FIPs, Circular 47, registration measures

The State Administration for Industry and Commerce (the "SAIC") issued Circular 31 on 10 February , 2010, as a further step in the development of foreign-invested partnerships ("FIPs") following its issuance of Circular 47, the Administrative Measures for the Registration of Foreign-invested Partnership Enterprises (the "Registration Measures"), in January 2010.

Circular 31 provides guidance to various SAIC offices and market supervision and administration offices at the province, autonomous region, certain municipality and sub-provincial levels (the "Authorities") in understanding and interpreting the Measures for the Administration on the Establishment of Partnership Business by Foreign Enterprises or Individuals in China (the "Measures"), issued by the State Council in November 2009, and in implementing the Measures

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