China’s tighter restrictions for foreign companies’ representative offices could cause some to convert to wholly foreign-owned enterprises (WFOEs) in a bid to avoid the new rules.
The State Administration of Industry & Commerce (SAIC) and the Ministry of Public Security (MPS) issued the Notice Regarding Further Strengthening the Registration and Administration of Permanent Representative Offices of Foreign Enterprises in January.
The notice, which is effective immediately, imposes stricter...