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Expert Analysis

Investing In Chinese Real Estate Will Soon Be Simpler

Law360, New York (July 31, 2014, 10:04 AM EDT) -- In June 2014, China's Ministry of Commerce (MOFCOM) and the State Administration of Foreign Exchange (SAFE) jointly promulgated the Circular Concerning Improvement of Filing Process for Foreign Invested Real Estate Enterprises (Circular 340), effective Aug. 1, 2014. Pursuant to Circular 340, MOFCOM delegates to its provincial counterparts (collectively, COFTEC) the authority to review filing applications for foreign invested real estate enterprises (real estate FIEs), and simplifies the filing process. While how the simplified filing process will work at any particular COFTEC remains to be seen, we expect that the filing process for real estate FIEs to be significantly expedited in the near future....

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