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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Rolla Coasta who wrote (9925)	7/12/2001 10:37:50 PM
From: Rolla Coasta	Read Replies (1) \| Respond to of 9980

Beijing opens market gates to foreigners (Part II) china.scmp.com -------------------------------------------------------------------------------- There are requirements covering the number of sponsors and the breakdown of the shareholding mix between local and foreign investors. The China operations of United States' film firm Kodak, French tyre maker Michelin, and the Anglo-Dutch consumer products manufacturer Unilever are some examples. On the other hand, foreign-invested enterprises (FIEs), the other major category for foreign firms setting up legal entities in China, form the majority of the foreign business interests on the mainland. Mr Grobowski pointed out that FIEs were not joint-stock companies. Foreign firms make direct foreign investments in FIEs by taking up "percentage shares" in the FIEs under legally binding contracts. He believes the latest ruling will encourage more FIEs to convert to joint-stock companies.