Shanghai FTZ's New Rules on Establishing Sino-Foreign Cooperative For-Profit Training Institutions
2013-12-03
As authorized by the State Council, one of the 18 opening up measures to be taken in the China (Shanghai) Pilot Free Trade Zone (“Shanghai FTZ”) is to allow the establishment of Sino-foreign cooperative joint venture education and training institutions and Sino-foreign cooperative joint venture vocational skills training institutions. On November 13, 2013, the General Office of Shanghai People's Government issued the Interim Measures of the Shanghai FTZ for Administration of Establishment of Sino-Foreign Cooperative Joint Venture For-Profit Training Institutions (“Interim Measures”), which represents the newest reformation for the administration of foreign investment in non-governmental training institutions.