Revised Chinese Company Law requires mandatory worker representation in boardrooms; Shanghai's biomedical measures catch the most attention; and Merchants of Pinduoduo's international arm, Temu, struggle to sue the company due to its complex structure.
The amended PRC Company Law will have many, far-reaching effects, including motivating companies to reduce their registered capital in order to optimize capital utilization. Daisy Duan, Yingjie Yang and Cuishi Li of King & Wood Mallesons introduce the motivations and tax implications associated with one possible route: formal capital reductions
WeRide IPO shows another green light for overseas listing of Chinese companies; China imposes new regulations for local authorities to better implement its state secrets law overhaul; and two Chinese state departments release new rules for QFII to stimulate foreign securities investment.
Shenzhen Stock Exchange specifies the reporting requirements for program trading
Shanghai Stock Exchange specifies the reporting requirements for program trading
Revised state secrets regulations require network operators to report violations of confidentiality laws. A QFII may select at its own discretion the currency it remits inwards to invest in domestic securities or futures. PBOC specifies minimum registered capital requirements of non-bank payment institutions.
Casper Sek, partner of Jingtian & Gongcheng, looks at the unique complexities of providing artificial intelligence services in China: one of the most exciting and fast-moving tech markets in the world
Lawyers in Asia say a Harris Administration will unlikely lift the clouds on China but may bode well for the rest of Asia.
State Council relaxes foreign investment in value-added telecommunications services in five cities.
National standards are published on compliance audit requirements of the protection of personal information
