Gazette Case: Foreign Beneficial Owner Registration

Gazette Case: Cheng Junping v. Shanghai Niuxinda Import & Export Co., Ltd. et al.

When a foreign beneficial investor seeks recognition of equity ownership and registration as a named shareholder, the court should examine both the underlying nominee arrangement and whether the target company's business falls within a foreign-investment negative list. For sectors outside the negative list, the investor may be recognized and registered as a shareholder.

Holding

When a foreign beneficial investor seeks recognition of equity ownership and registration as a named shareholder, the court should examine both the underlying nominee arrangement and whether the target company's business falls within a foreign-investment negative list. For sectors outside the negative list, the investor may be recognized and registered as a shareholder.

Issues

foreign beneficial investornominee shareholdingnegative list for foreign investment