In their China Newsletter, our colleagues in Shanghai, George Qi and Dawn Zhang, discuss China’s recent outbound investment initiatives.

In “China Encourages Private Outbound Investment,” the authors review the Circular on Printing and Distributing the Opinions of Encouraging and Guiding Private Enterprises to Actively Engage in Outbound Investment. Issued jointly by 13 ministries and commissions, the circular is focused on boosting outbound investment by private enterprises. Various government departments and agencies, including banks, foreign exchange authorities, and tax and customs bureaus are called on to strengthen their support for outbound investment by domestic private enterprises.

A second article, “China Seeks Opinions on Outbound Investment and Foreign Investment Approval Measures,” reviews two policies — the Measures for the Administration of Verification and Approval of the Outbound Investment Projects (Draft for Comments) and the Measures for the Administration of Verification and Approval of Foreign Investment Projects (Draft for Comments) — issued by the National Development and Reform Commission (NDRC) aimed at clarifying the requirements and approval processes for resource and non-resource development projects.

 

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Photo of Kate Kalmykov Kate Kalmykov

Kate Kalmykov Co-Chairs the Immigration & Compliance Practice. She focuses her practice on business immigration and compliance. She represents clients in a wide-range of employment based immigrant and non-immigrant visa matters including students, trainees, professionals, managers and executives, artists and entertainers, treaty investors

Kate Kalmykov Co-Chairs the Immigration & Compliance Practice. She focuses her practice on business immigration and compliance. She represents clients in a wide-range of employment based immigrant and non-immigrant visa matters including students, trainees, professionals, managers and executives, artists and entertainers, treaty investors and traders, persons of extraordinary ability and immigrant investors.

Kate has deep experience working on EB-5 immigrant investor matters. She regularly works with developers across a variety of industries, as well as private equity funds on developing new projects that qualify for EB-5 investments. This includes creation of new Regional Centers, having projects adopted by existing Regional Centers or through pooled individual EB-5 petitions. For existing Regional Centers, Kate regularly helps to prepare amendment filings, file exemplar petitions, address removal of conditions issues and ensure that they develop an internal program for ongoing compliance with applicable immigration regulations and guidance. She also counsels foreign nationals on obtaining greencards through either individual or Regional Center EB-5 investments, as well as issues related to I-829 Removal of Conditions.

Kate also works with various human resources departments on I-9 employment verification matters as well as H-1B and LCA compliance. She regularly counsels employers on due diligence issues including internal audits and reviews, as well as minimization of exposure and liabilities in government investigations.