Legal

• China Securities Regulatory Commission, Guidelines for Contents and Formats for Information Disclosure by Companies That Offer Securities to the Public (No.26): Material Asset Restructurings of Listed Companies (Revised in 2017)

  中国证券监督管理委员会公开发行证券的公司信息披露内容与格式准则第26号——上市公司重大资产重组（2017年修订）

  Stricter disclosure requirements imposed for M&A partnerships.

  April 18, 2018

• Shanghai Municipality, Several Opinions on Further Supporting the Participation by Foreign-invested Research and Development Centers in the Establishment of Globally Influential Scientific and Technological Innovation Centers in Shanghai

  上海市关于进一步支持外资研发中心参与上海具有全球影响力的科技创新中心建设的若干意见

  Shanghai encourages foreign investment in R&D

  April 18, 2018

• Guangdong Province, Several Policy Measures for Further Expanding Opening up to and Actively Utilizing Foreign Investment

  广东省进一步扩大对外开放积极利用外资若干政策措施

  Guangdong has broadened the business scope for Hong Kong/Macao law firms.

  April 18, 2018

• Summary and Commentary: Interpretation IV of the PRC Company Law

  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.

  April 17, 2018

  

• China International Economic and Trade Arbitration Commission, Rules for the Arbitration of International Investment Disputes (Trial Implementation)

  中国国际经济贸易仲裁委员会国际投资争端仲裁规则(试行)

  CIETAC has issued its first rules on international investment disputes.

  April 17, 2018

• Civil Aviation Administration of China, Provisions for Domestic Investment in the Civil Aviation Industry

  中国民用航空局国内投资民用航空业规定

  Civil aviation investment restrictions relaxed for private investment.

  April 17, 2018

• National Development and Reform Commission, Measures for the Supervision and Review of Government Pricing Costs

  国家发展和改革委员会政府制定价格成本监审办法

  Cost reviews required for natural monopolies

  April 16, 2018

• People's Bank of China, Circular on Further Improving the Policies for Cross-border Renminbi Business to Facilitate Trade and Investment

  中国人民银行关于进一步完善人民币跨境业务政策促进贸易投资便利化的通知

  Cross-border foreign exchange transactions may use renminbi.

  April 01, 2018

• National Development and Reform Commission, Measures for the Administration of Outbound Investment by Enterprises

  国家发展和改革委员会企业境外投资管理办法

  Outbound investment procedure requirements relaxed.

  March 30, 2018

• General Office of the State Council, Circular on Transmitting the National Development and Reform Commission, Ministry of Commerce, People's Bank of China and Ministry of Foreign Affairs, Guiding Opinions on Further Guiding and Regulating the Orientation of Outbound Investment

  国务院办公厅转发国家发展改革委、商务部、人民银行、外交部关于进一步引导和规范境外投资方向指导意见的通知

  Encouraged, restricted and prohibited types of outbound investment specified.

  March 30, 2018