China's listing in the United States is not a foreign company. A foreign enterprise refers to an enterprise established in China according to the laws of China, which is jointly invested by China investors and foreign investors, or invested by foreign investors alone.

According to Article 2 of the Foreign Investment Law of People's Republic of China (PRC), this law is applicable to foreign investors investing in People's Republic of China (PRC) (hereinafter referred to as China). Foreign investment as mentioned in this Law refers to the investment activities directly or indirectly carried out by foreign natural persons, enterprises or other organizations (hereinafter referred to as foreign investors) in China, including the following situations:

(1) Foreign investors set up foreign-invested enterprises in China alone or jointly with other investors;

(two) foreign investors in China to obtain shares, equity, property shares or other similar rights and interests of enterprises;

(3) Foreign investors invest in new projects in China alone or jointly with other investors;

(4) Other investment methods stipulated by laws, administrative regulations or the State Council.

Foreign-invested enterprises mentioned in this Law refer to enterprises wholly or partially invested by foreign investors and incorporated in China according to the laws of China.

Extended data:

Article 21 of the Foreign Investment Law of People's Republic of China (PRC): foreign investors' capital contribution, profits, capital gains, income from asset disposal, intellectual property licensing fees, compensation or compensation obtained according to law, liquidation income, etc. Within the territory of China, it can be freely remitted according to law and remitted in RMB or foreign exchange.

Article 22 The state protects the intellectual property rights of foreign investors and foreign-invested enterprises, and protects the legitimate rights and interests of intellectual property rights holders and related rights holders; Infringement of intellectual property rights shall be investigated for legal responsibility in strict accordance with the law. The state encourages technical cooperation in the process of foreign investment in accordance with the principle of voluntariness and commercial rules. The conditions of technical cooperation shall be determined by all investors through equal consultation based on the principle of fairness. Administrative organs and their staff shall not use administrative means to force the transfer of technology.

Baidu Encyclopedia-People's Republic of China (PRC) Foreign Investment Law