How was China’s Company Law amended at the end of 2013?

China amended its Company Law at the end of 2013, which, with certain exceptions, removed the previously mandatory requirement of minimum registered capital for establishing a company. The same law also replaced the paid-up capital registration system with a subscribed capital registration system, allowing companies to complete business registration process without having to inject any initial capital contributions upon startup. Companies are now able to decide on the amount, method, and deadline for capital contributions at their own discretion. Though the new Company Law came into force on March 1, 2014, because the foreign-invested commercial enterprise (FICE) regulations have not yet been amended in light of these changes, it awaits to be seen what specific requirements regarding registered capital there will be for FICEs in China.