FIREE recordals track foreign capital

0
841

Since May 2007 any injection of foreign capital in foreign-invested real estate enterprises (FIREEs) must be recorded with the Ministry of Commerce (MOFCOM). These “FIREE recordals” provide a useful perspective on the trend and pace of new foreign capital inflow into China’s real estate sector. However, the FIREE recordal statistics do not disclose the actual amount of foreign capital involved in transactions.

FIREE recordals track foreign capital

Baker & McKenzie has been tracking FIREE recordals announced by MOFCOM since May 2007. Set out below are statistics and data up to the end of February 2012. In summary:

  • The total number of FIREE recordals for February 2012 was 42, down from 46 in January 2012
  • The total number of FIREE recordals in 2008, 2009, 2010 and 2011 were 1,051, 991, 1,094 and 767 respectively
  • Since May 2007, cumulatively, there have been 5,809 FIREE recordals up to the end of February 2012. This includes 2,554 cases of new project operating entities being established, 2,674 cases of capital increase or M&A transactions (involving capital increase) related to existing project operating entities, and 253 cases of M&A transactions that do not involve any capital increase

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员