In order to prevent and curb money laundering and terrorist financing activities, the People’s Bank of China and the State Administration for Market Regulation jointly promulgated the Measures for the Administration of Beneficial Ownership Information (the “Measures”) earlier this year, which came into effect on November 1, 2024. As of that date, the relevant entities […]
China plans to allow the establishment of wholly foreign-owned hospitals in certain cities and regions across the country, according to an official document released yesterday. These hospitals will be permitted to open in Beijing, Tianjin, Shanghai, Nanjing, Suzhou, Fuzhou, Guangzhou, Shenzhen and throughout the island of Hainan, according to a circular jointly issued by the […]
Restrictions on foreign investment in the manufacturing sector will be lifted with the release of the 2024 version of the negative list for foreign investment access, China’s top economic planner announced yesterday. Jointly issued by the National Development and Reform Commission and the Ministry of Commerce, the negative list, effective November 1, reduces the number […]
China’s legislature passed an important amendment to the current Company Law at the end of 2023, which shall come into force as of July 1, 2024. This amendment involves important aspects such as the time limit for shareholders’ contribution, the company’s internal organization, corporate governance and so on. As the Company Law is the superior […]
