If a Solely Foreign-owned Financial Leasing Company intended to add an additional Chinese shareholder and to increase its capital of US$20 million to US$50 million would it first need to report to the Ministry of Commerce? Also, would the Chinese shareholder be allowed to make a contribution in RMB within China and how long be required to repay any increased capital?
There is no need to report any such changes to the Ministry of Commerce. The Chinese shareholder would be allowed to make contribution in RMB within China; and any increased capital must be repaid within two years.
