Restrictions on Foreign Shareholding Ratio in Online Data and Transaction Processing (Operating E-commerce) Business Removed (June 2015)

source：　 date：2015-07-01　 author：

Recently, the Ministry of Industry and Information Technology has promulgated the Circular on Removing the Restrictions on Shareholding Ratio Held by Foreign Investors in Online Data Processing and Transaction Processing (Operating E-commerce) Business (the "Circular") for implementation as of the date of promulgation.

The Circular states that, on the basis of pilot schemes carried out in China (Shanghai) Pilot Free Trade Zone, the restrictions on shareholding ratio held by foreign investors in online data processing and transaction processing (operating e-commerce) business will be removed nationwide and may be raised to 100%. Foreign-invested enterprises, when applying for operation permit for such business, shall abide by other permit conditions or requirements and corresponding examination and approval procedures as provided by the Administrative Provisions on Foreign-invested Telecommunications Enterprises.

(Source: www.miit.gov.cn)