China Sets 2 Million Yuan Threshold for International Science Groups
Updated
Updated · Bloomberg · Jul 4
China Sets 2 Million Yuan Threshold for International Science Groups
1 articles · Updated · Bloomberg · Jul 4
Summary
China on Saturday issued new guidance for establishing international scientific organizations, formalizing how nonprofit groups focused on scientific cooperation, exchange and governance can register in the country.
The rules require those organizations to register in China, keep at least one-third of members from abroad, and show startup funds of at least 2 million yuan, or about $279,000.
Chinese nationals must serve as both the legal representative and the full-time secretary-general, adding a domestic leadership requirement to the new registration framework.