Following to our previous article [click here to read it] on November 8th, the National People’s Congress (NPC) website of China released the Arbitration Law (Amendment Draft), with a deadline for feedback on opinions set for December 7th. The draft amendments to the People’s Republic of China Arbitration Law (PRCAL), as we see it, help...
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’s approach to regulating artificial intelligence (AI) reflects its ambition to lead in both innovation and governance. With the rapid expansion of AI technologies across industries, the government has introduced comprehensive laws and draft standards to address the ethical, security, and operational challenges posed by AI. This article explores key regulations, including the Provisional Measures...
On September 9, during a press conference hosted by the Supreme People’s Court, the 2023 Annual Report on Judicial Review of Commercial Arbitration was unveiled. The Report showcases significant developments in China’s arbitration sector, particularly the ongoing revision of the Arbitration Law initiated by the Ministry of Justice. Yang Xiangbin, Director of the Public Legal...
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...
China’s business landscape is getting a significant upgrade! The 2023 revision of the Company Law of the People’s Republic of China (PRC) is set to take effect on July 1st, 2024. These changes mark a big step forward in corporate governance, legal protections, and overall business environment improvement. Here’s a quick look at some of...
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....
The Ministry of Human Resources and Social Security (MOHRSS), in collaboration with the Ministry of Finance and the State Taxation Administration, recently issued the Circular on Extending the Favorable Unemployment Insurance Policies to Support Enterprises in Stabilizing Employment. According to the Circular, China will extend three key policies aimed at assisting businesses and residents. To...
Renewing a work permit and residence permit has never been a short process: in the past, it required to first apply to for the issuance of a work permit (in principle, 5 working days) and afterwards apply for the renewal of the corresponding residence permit (another two week of waiting time, which the applicant will...
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...
Copyright © ICL Consulting 2013
