Mergers and Acquisitions

• China’s Optimization of Tax Policies Continues

  Daisy Duan, Xiaohong Chen, Cuishi Li of KWM examine a new tax credit policy which is aimed at boosting profit reinvestment by foreign investors

  July 22, 2025

  

• Announcement on the Tax Credit Policy for Direct Investment of Distributed Profits by Foreign Investors

  关于境外投资者以分配利润直接投资税收抵免政策的公告

  STA offers substantive tax deduction incentives to foreign investors / CLP Reference: 3230/25.01.27 ; Issued: 2025-06-27 ; Effective: from 2025-01-01 to 2028-12-31

  July 15, 2025

• In the News: China Tax Incentives; Asia PE Trends; and US Targeting Chinese-Linked AI

  China rolls out tax breaks for foreign investors reinvesting profits locally; China remains key private equity market but firms are starting to diversify investments; U.S. Congressional bill that targets Chinese AI tools like Deepseek has bipartisan support

  July 11, 2025

  

• Shanghai Stock Exchange, Rules for the Review of Material Asset Restructurings of Listed Companies (as Revised in May 2025)

  上海证券交易所上市公司重大资产重组审核规则（2025年5月修订）

  Shanghai Stock Exchange sets forth simplified review procedures for offering shares to purchase assets / CLP Reference: 3700/25.05.16 / Issued: 2025-05-16

  June 30, 2025

• China Securities Regulatory Commission, Measures for the Administration of Material Asset Restructurings of Listed Companies

  中国证券监督管理委员会上市公司重大资产重组管理办法

  CSRC allows for simplified review procedures for offering shares to purchase assets / CLP Reference: 3700/25.05.16 ; Promulgated: 2025-05-16 ; Effective: 2025-05-16

  June 30, 2025

• In the News: Reverse CFIUS Scrutiny of Benchmark’s Chinese Investment; China M&A Recovery; and Delisting Threat of Chinese Companies

  Venture capital firm's Chinese investment to be reviewed by U.S. Treasury; Small-scale M&A on the rise despite trade tensions, sluggish growth; and U.S. Congressmen urge delisting of 25 Chinese groups from U.S. exchanges.

  May 22, 2025

  

• In the News: China Clarifies Data Export Rules; UK Foreign Influence; and Burberry Wins Trademark Case

  The Cyberspace Administration clarifies its approach to the export of personal and important information out of China; UK weighs whether to include China in foreign influence disclosure rules; and Burberry wins online trademark infringement suit.

  April 17, 2025

  

• National Financial Regulatory Administration, Circular on Matters Relevant to the Acquisition by Hong Kong and Macao Financial Institutions of Equity Stakes in Insurance Companies

  国家金融监督管理总局关于香港、澳门金融机构入股保险公司有关事项的通知

  Total asset requirement is relaxed for Hong Kong and Macao insurance company investments / CLP Reference: 3910/25.02.26 ; Issued: 2025-02-26 ; Effective: 2025-03-01

  April 08, 2025

• In the News: Pharma Data Protection Rules; Facial Recognition Restrictions; and UBS Fully Owns Its Chinese Operations

  China’s draft pharmaceutical trial rules aim to balance innovation with drug availability; CAC issues first rules to regulate facial recognition technology; and UBS becomes the 5th wholly foreign-owned securities firm in China.

  April 03, 2025

  

• In the News: America First Policy; Overseas Crypto Investment Not Protected in China; and China Offshore Fundraising

  Trump signs memorandum to restrict investments that do not serve American interests; A Jiangsu court ruled that investments in overseas crypto projects are not protected under Chinese law; and Chinese companies raise funds in hope of easing of regulations against private enterprises

  February 27, 2025