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Chinese Company and Securities Law/刘成伟(6)
4.2.3 The Twenty-Five Per Cent Foreign Capital
Requirement 67
4.2.4 Eligibility to FIE Preferential Treatments 68
4.3 Registered Capital 69
4.4 Corporate Governance Structure of an FICLS 71
4.5 Establishment Procedures of an FICLS 72
4.6 Restructuring an Existing Company into an FICLS 75
Overview 75
Restructuring an Existing FIE into the FICLS 76
Restructuring a State-Owned Enterprise (SOE) into the FICLS 77
Restructuring a Domestic CLS into the FICLS 79
4.7 Transfer of Non-floated Shares in an H Shares Company 80
4.8 Key Provisions at Issue 81
Chapter 5
Foreign Invested Limited Liability Partnership (FILLP) 83
5.1 Introduction and Latest Developments 83
5.2 General Matters 84
5.2.1 The Door Opened to a Limited Liability
Partnership (LLP) 84
5.2.2 Application of the FIPE Rules 85
5.2.3 Industrial Controls 85
5.3 Partners 86
5.3.1 The Partners in an FIPE 86
5.3.2 Limited Liability Legal Person as a General Partner 87
5.3.3 Partners in a Special General Partnership 88
5.3.4 Limited Partners in an LLP 89


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