With the effectiveness of the Measures for the Administration of the Establishment of Partnerships in China by Foreign Enterprises or Individuals ("FIP Measures") and the Administration Provisions on Registration of Foreign-Invested Partnership Enterprises ("Registration Provisions") on 1 March 2010, a new form of foreign investment, the foreign-invested partnership ("FIP") has become a reality in China. The Registration Provisions, as the first promulgated implementing rules of the FIP Measures