Recently, the China Securities Regulatory Commission (CSRC) released the Administrative Measures of Foreign-invested in Securities Companies (the “New Measures”). The New Measures eased some restrictions and launched an application process for foreign investors to take up majority stakes in securities firms.
In this Financial Services Tax News Flash, we will introduce the key changes of the New Measures, and shed some light on the points to be considered when setting up a foreign controlled securities JV in China.
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