china law
Lehmanlaw

What qualifications do foreign investors need to meet?

In order to enter the basic business sector, the major foreign investor (owning more than 30% of all foreign shares) needs to be an incorporated legal entity licensed to manage basic telecom business in other countries or regions, have adequate capital and professional staff as required for such businesses and have a sound operation record and market performance.

Foreign investors in value-added services need to have a sound operation record and market performance in such value-added services industries.