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Q:What are the relevant policies for domestic acquisition of medicine wholesale enterprise or medicine retailing chain store by overseas solely invested enterprise?
A: In order to promote and standardize foreign investment in China, introduce advanced foreign technology and managerial expertise, improve foreign capital utilization standard, realize reasonable resources allocation, and ensure employment as well as protect fair competition and national economic safety, Chinese government has developed Interim Provisions on the Takeover of Domestic Enterprises by Foreign Investors ([2006] No.10 Order or the MOFCOM and other five ministries of P.R.C.) according to foreign-invested enterprise law, administrative regulation, Company Law of the P.R.C., and other related laws and administrative regulations. Please refer to the foregoing laws and regulations.
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