Capital Management: Investment Law

capital management: Meanwhile, MOFCOM is coordinating the current rules on foreign capital management, with input from foreign-invested companies being actively sought in the process, said Gao, according to Global Times China. The full text of the new foreign investment law was released on Wednesday, which provides a legal basis for various aspects of foreign investment ranging from classification to management. China's Ministry of Commerce MOFCOM is working with other departments to promote specific rules in accordance with the new law, ministry spokesperson Gao Feng told a press conference on Thursday. Overall the law offers foreign investors equal treatment, greater access and better legal protection. The foreign investment law, the first of its kind, will come into effect on January 1, 2020. The law was passed on March 15 by the 13th National People's Congress NPC China's top legislature. (news.financializer.com). As reported in the news.