Venture capital update: what is really going on? Foreign-funded VC investments in China have failed to materialize and last autumn's national regulations are widely seen as inadequate. So what alternatives do investors have?

THE MOFTEC RULES: IMPRACTICAL AND IN NEED OF REVISION Since the Establishment of Foreign-funded Venture Investment Enterprises Tentative Provisions (hereafter the MOFTEC Rules (1)) became effective on September 1 2001, [...]