CN – The Shanghai Administration of Industry and Commerce has granted a Business License for a Chinese/foreign joint venture, whereby the Chinese partner is a natural person. The legal basis is the "Trial Measures on Investing and Establishing Sino-Foreign Equity Joint Venture Enterprises and Sino-Foreign Cooperative Joint Venture Enterprises in Pudong New Area by Domestic Natural Persons", which was passed on May 5, 2010 by the Government of the Pudong New Area, which entered into force retroactively on May 1, 2010 initially for a period of two years. The aim of the new provision is to provide practical investment opportunities in China for active Chinese private capital.

Up until now the Chinese participation in joint venture companies was limited to Chinese companies by Art. 1 of the Equity Joint Venture Law and Art. 1 of Cooperative Joint Venture Law. In contrast foreign natural persons were permitted to be shareholders of a joint venture.

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