What is required to establish a Sino-foreign Joint-Venture Financial Leasing Company? Also, are there any mandatory qualifications for domestic-funded and foreign-funded shareholders?

Sino-foreign Joint-Venture Financial Leasing Company must have a registered capital greater than US$10 million and obtain a Certificate of Approval issued by the Economy, Trade and Information Commission. In the case of Sino-foreign Equity Joint Ventures, the proportion of foreign capital should be over 25%. For full details,  please refer to the Measures for the Administration of Foreign-capital Lease Industry, order of the Ministry of Commerce, No.5 [2005].