According to the Special Administrative Measures (Negative List) for Foreign Investment Access, “Where domestic companies, enterprises or natural persons merge or acquire their affiliated domestic companies through a company legally established or controlled overseas thereby, the relevant provisions on foreign investment, overseas investment, foreign exchange administration, etc. shall apply.” Enterprises reinvested by foreign-invested enterprises are considered domestic, but they still need to comply with the negative list. The type of a branch should match the type of the parent enterprise.