Change And Transformation

Huijun Ma and Jiong Zhang of Zhong Lun Law Firm explain the laws and challenges of real estate & construction in the PRC, the investment and financing methods for real estate projects and the progress of REIT rules.

1. What important legislation and policies on foreign investment in the real estate industry have been issued in China during the past year? What major legal changes have there been in the construction sector?

On May 13 2013, the State Administration of Foreign Exchange implemented the Circular Concerning the Issuance of the Measures for the Administration of Foreign Debt Registration (Hui Fa [2013] No.19) and the Circular on the Issuance of the Provisions for Foreign Exchange Control in Connection with Direct Investment in China by Foreign Investors and Complementary Documents (Hui Fa [2013] No.21), setting forth the principles for management of the overseas debt of foreign-invested real estate enterprises and providing in principle for the oversight