Legal

Restrictions imposed on exchange of state-owned assets and equity.

National legislationForeign exchangeState Administration of Foreign Exchange, Catalogue of Major Prevailing Foreign Exchange Control Laws and Regulations…

The Provisions are basically a revision of the Tentative Provisions on Matters Relevant to the Implementation of the System for Security Review of Acquisition of Domestic Enterprises by Foreign Investors.

The Provisions clarify the issues concerning the determination of reasons for bankruptcy to facilitate the implementation of the PRC Enterprise Bankruptcy Law.

Central government finances may directly invest in venture investment enterprises.

The Measures require foreign employees in China to be enrolled in social insurance. Arrangement is also laid down when a foreign employee departs from China before he/she reaches the specified age at which he/she can withdraw his/her pension.

Tax specialists offer their insights for potential inbound investors on fundamental tax rules they need to be aware of

Mofcom's new security review measures heightens scrutiny of variable interest entity (VIE) structures operating in areas of PRC national concern

The Provisions list the factors that shall be considered based on the specifics and particularities of each individual case during reviews of concentrations of business operators.