Corporate Governance

Baker McKenzie and FenXun Partners discuss the impact of the new Foreign Investment Law on the repeal of FIE laws on existing FIEs, as well as the implications of other important provisions for foreign investors and FIEs in future.

Guidelines on articles of association are revised to accommodate special voting rights

People’s court allows share transfer to resolve shareholder disputes

New tax deferral policy clarified

Listed companies are encouraged to buy back their shares

Institutional investors are encouraged to participate in corporate governance

Information disclosure of listed company restructurings is simplified

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