Company law revision offers a broader scope for corporate share buybacks.
The United Nations Conference on Trade and Development announced that China has topped the global foreign direct investment list in H1; CPC stresses on the implementation of advancing law-based governance in all areas; and NPC will revise and draft new laws in a session to be held between October 22 to 26.
Employment permit requirements have been lifted for all Hong Kong, Macao and Taiwan residents
James Lau Oon Beng, Senior Vice-President of Legal, Chief Legal Officer and Company Secretary at NatSteel Holdings, discusses his career path and shares his thoughts on how in-house counsel can establish themselves as successful business advisers.
Limited partnerships with state-owned capital contributions are not recognized as state-owned shareholders
Stricter disclosure requirements imposed for M&A partnerships.
The most updated interpretation of China’s company law addresses shareholder rights protection, and other rights and actions related to corporate governance. Although there are noteworthy improvements, including creating a balance between shareholders’ ownership rights and preemption rights, practical change is limited and inconsistencies still require clarification.
Examination and approval streamlined to facilitate investment.
LLPs have been added to accounting firm regulations.
Wei Wang of Co-Effort Law Firm highlights the progress and impact of China’s anti-corruption campaign, the increasing compliance burdens in the finance, internet, and pharmaceutical industries, and the procedures to follow for internal risk controls and investigations. 协力律师事务所的王炜律师重点介绍了中国反贪腐的进展和影响，对金融、网络和药品等行业日益增加的合规重担，以及内部风险控制和监管调查时的应对程序。