U.S. business group survey indicates companies are not leaving China market; digital currency pilot set for expansion to major Chinese cities; and foreign nationals from 36 European countries allowed entry into country
U.S. Senate passes bill threatening sanctions against financial institutions, officials over Hong Kong; China shortens negative lists to further open up economy to foreign investment; and CSRC plans to grant securities licenses to domestic commercial banks
Major plan for Hainan to become globally-recognized free trade port released; Swiss bank Credit Suisse takes majority control of securities JV; and U.S.-China animosity extends to aviation industry with bans and walk backs
Alan Xu and Youran Wu of Zhong Lun Law Firm discuss the various methods that foreign-invested enterprises in China can adopt to remit funds to cash-strapped shareholders or affiliates overseas during the coronavirus pandemic