The National Development and Reform Commission (NDRC) has issued its seventh report on cases involving breaches of the Market Access Negative List, reinforcing the government’s commitment to eliminating local market access barriers and fostering an open, competitive environment. The report highlights ten cases where local governments had introduced unlawful restrictions, ranging from mandatory local registration...
China is rolling out a series of new regulations that will significantly impact the business landscape. Companies operating in China need to stay informed and compliant to thrive. Here’s an overview of the key regulations: 1. Beijing’s ESG Development Plan (2024-2027) Beijing has launched an “Implementation Plan for Promoting High-Quality Development of the ESG...
Starting July 1, 2024, Beijing will enforce the “Beijing Special Regulation on Foreign Investment,” a landmark initiative aimed at further opening the city to global investors. This regulation, passed by the Standing Committee of the 16th Beijing Municipal People’s Congress, underscores Beijing’s commitment to creating a more favorable and reliable business environment for foreign enterprises....
On February 28th, 2024, the General Office of the State Council unveiled the Circular Introducing the Action Plan for Advancing High-level Opening-up and Strengthening Efforts to Attract and Utilize Foreign Investment. This circular outlines 24 measures spanning five key areas, including: Streamlining the Negative List by reducing restricted sectors and expanding the Encouraged...
Legal Representatives play a pivotal role in the governance and operations of companies in China. As the designated individual legally authorized to act on behalf of the company, Legal Representatives shoulder significant responsibilities and liabilities. Here’s a comprehensive guide to understanding their role [to watch our video click this link Legal Representative in China (website)]:...
Guidelines for Investing and Establishing a Company in China Before considering investment opportunities in China, it’s crucial to consult the “Negative List,” a document periodically issued by PRC authorities. This list outlines fields that are restricted or forbidden to foreign investors. Any field not explicitly listed therein is freely available for investment. According to the...
Introduction to Investment in PRC Investment Fields Before entering the Chinese market, it is crucial to verify whether the field in which you wish to conduct business activities is open to foreign investments. Until recently, the Chinese National Development and Reform Commission (“NDRC”), together with the Chinese Ministry of Commerce (“MofCom”), periodically published the “Catalogue...
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