The dedicated bilingual investment guide for Chinese investors, brought to you by China Law & Practice
2015SIXTH EDITION|China Outbound Investment GuideA fully
bilingual guide published inconjunction with| :LEXArthur CoxBezen
& Partners Cadwalader Wickersham & TaftFreshelds Bruckhaus
DeringerHomburgerKobre & KimMacchi di Cellere GangemiNagashima
Ohno & TsunematsuHomburger provides high quality legal advice
andrepresentation both domestically and internationallyin
signifcant transactions, disputes and complexlegal matters to
businesses and entrepreneurs.Corporate | M&A Financial
ServicesLitigation | ArbitrationIP | ITCompetitionTaxEmployment
LawPrivate ClientsRestructuring | Insolvency White Collar |
InvestigationsInsuranceHomburger AGPrime TowerHardstrasse 201 |
CH-8005 ZurichP.O. Box 314 | CH-8037 ZurichT+41 43 222 10 00F+41 43
222 15 [email protected]
Transactions,Disputes, Advice, ,
Homburger_Imageinserat_210x285mm_002_CLP_ZH.indd 1 21.03.13
13:28www.chinal awandpracti ce.com CHI NA OUTBOUND I NVESTMENT GUI
DE 2015>>1I NTRODUCTION | EditorKatherine Jo
([email protected])+852 2842 6964TranslatorSusan
Mok ([email protected])+852 2842 6924Production
managerAndy Alcock ([email protected])+852 2842 6928
Sales managerEsra Ermis ([email protected])+852 2842
6966PublisherPeter OllierPublished byAsia Law &
PracticeEuromoney Institutional Investor (Jersey) Ltd27/F, 248
Queens Road EastWanchai, Hong Kong EUROMONEY INSTITUTIONAL INVESTOR
(JERSEY) LTD 2015ISBN 978-962-936-226-3DisclaimerThe material in
this periodical does not constitute adviceand no liability is
assumed in relation to it. The materials referred to in this
publication are publicly available. All information contained
herein was believed to be correct at the time of publication in
April 2015All rights reserved20154Divisional director, Legal Media
Group Greg KilminsterDirectors, Euromoney Institutional
Investor(Jersey) LtdPeter Richard Ensor, Tony Shale, Anita RyeCEO,
Euromoney Institutional Investor, AsiaTony ShaleSUBSCRIPTIONS &
CUSTOMER SERVICE:UK hotline: +44 (0) 207 779 8999US hotline: +1 212
224 3570Email: [email protected] | Welcome to
China Law & Practices 2015 China Outbound Investment Guide.The
timing is impeccable, with ofcials agging increased investment
overseas, tweaking rules to make the process easier and predicting
that outbound ows will soon surpass that headed into China. It also
follows a Ministry of Commerce announcement that China outbound
investment (COI) rose 14.1% to US$102.9 billion (Rmb643.2 billion)
in 2014.The National Development and Reform Commission (NDRC) last
year released the Measures for the Administration of the Check and
Approval, and Record Filing of Overseas Investment Projects (),
which came into effect on May 8 2014. These substantially
smoothened the regulatory and approval processes for COI, replacing
approval requirement for most projects under US$1 billion and not
involving sensitive regions or industries with a simpler ling
procedure. And, on December 27 2014, the NDRC revised the Measures
and eliminated the US$1 billion threshold, meaning all outbound
projects, regardless of type, size or scope, are subject to ling
only (unless considered sensitive). This will further level the
playing eld between Chinese and global bidders.This years guide
features jurisdictions worldwide with plenty of investment
potential. Large destinations such as the US and UK continue to
attract, as seen by Lenovos US$2.9 billion acquisition in early
2014 of Motorola Mobility from Google, which was the largest
acquisition ever by a Chinese company in the US tech sector. Also
key was Greenland Groups residential development project investment
in London worth US$2 billion. Pages 64 and 71 provide insight into
investing in these two countries, respectively.This guide includes
features written by leading rms in Ireland, Italy, Japan, Nigeria,
Switzerland and Turkey, giving expert insight into each
jurisdiction. It also addresses the fact that cross-border deals
are rarely executed without an offshore structure. See page 33 for
the key features and risks of using offshore vehicles and holding
companies through the Cayman Islands, BVI and Bermuda.Each
jurisdiction has unique regulatory facets that guide COI into
specic sectors and industries. All chapters thoroughly explain the
regulatory approval, foreign exchange, tax, corporate governance,
labour and dispute resolution landscapes that Chinese investors
need to be aware of in order to better plan and structure their
investments abroad.Thank you to all the rms that participated. Im
condent our readers will nd this guide useful.China Law &
Practice2015201414.1%1,029(6,432)()20145810201412271020142920647133Katherine
Jo|Editor|2
