A good friend of mine just registered a WFOE with 100.000 RMB investment. IT IS POSSIBLE! He got the biz license in February. It’s only applicable for Service companies, you can’t sell goods with such a WFOE.
But as mentioned, a WFOE requires careful planning and analysis of your biz. Don’t just go and register.
A WFOE requires also a lot of accounting work.
If you just ask for the minimum amount, 100k RMB plus 6k RMB government fees plus whatever the agent takes that you choose.