Amended Regulations Could Open Telecoms Sector

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The State Council of the PRC recently issued amendments to regulations covering the administration of Foreign-invested Telecommunications Enterprises (FITEs). While it is perceived that the regulations were amended in response to pressure to open China?s telecommunications sector to foreign investment, at this time it is not clear if the amendments will actually have that effect.

A key change made by these amendments is reducing the minimum registered capital requirement for foreign investors engaging in basic telecommunications services.

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Published In: Communications & Media Updates, Finance & Banking Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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