PRC Law Updates

Find out all about our firm’s latest PRC Law updates below. To learn more about any individual item, please contact us here.

10 Nov 2017

PRC Law Update: November 2017

The Administrative Measures on Due Diligence of Non-resident Financial Account Information in Tax Matters (“the Measures”) came into effect on July 1, 2017, which is viewed as China’s domestic legislation for implementation of CRS in China.

24 Sep 2017

NHFPC’s new policy regarding investment in the medical field

Under the Foreign Investment Catalogue Guide (Revision 2017), foreign investment in medical institutions is always highly restricted. In China, Medical institutions can only be established in the form of an equity joint venture or cooperative joint venture. Besides, foreign investors may face operational difficulties due to a strict and time-consuming approval procedure.

15 Sep 2017

PRC Law Update

Second Revised Draft for Review of Anti-Unfair Competition Law Issued For Public Comments

Recently, the Anti-Unfair Competition Law (Second Draft for Review) (“Revised Draft”) has been deliberated at the Session of the Standing Committee of the 12th National People’s Congress. The first draft for review had been issued for public comments in 2016.

24 Sep 2015

PRC Law Update

New measures for corporate bonds in the PRC

On 15 January 2015, the China Securities Regulatory Commission (the “CSRC”) implemented the Administrative Measures for Issuing and Trading Corporate Bonds “公司债券发行与交易管理办法” (the “Measures”), which replaced the Measures for Pilot Projects for the Offering of Corporate Bonds “公司债券发行试点办法”.

14 Sep 2015

PRC Law Update

New Foreign Debt policy introduced in the PRC

On 14 September 2015, the National Development and Reform Commission implemented the “Notice on Promoting the Management Reform on the Filing and Registration System for Issuance of Foreign Debt by Corporate Entities” (“关于推进企业发行外债备案登记制管理改革的通知”) (the “Notice”).

14 May 2015

PRC Law Update

Circular on Reforming the Management of the Settlement of Foreign Capital from Foreign-Invested Enterprises (Huifa No. 19 【2015】)

On 30 March 2015, the State Administration of Foreign Exchange of People’s Republic of China (“SAFE”) issued the Circular on Reforming the Management of the Settlement of Foreign Capital from Foreign-Invested Enterprises (《关于改革外商投资企业外汇资本金结汇管理方式的通知》) (Huifa No. 19 【2015】) in which it announced that from 1 June 2015 onwards, new legislation for reforming the management of the settlement of foreign capital from foreign-invested enterprises will become effective in the whole country.