China's currency has undergone fundamental changes along with the rapid economic development both domestically and in global markets. In order to adapt to today's financial and currency markets, the State Council has adopted a revision of Foreign Exchange Regulations of the People's Republic of China on August 5 2008. Foreign companies need to be familiar with the newly revised foreign exchange regulations.
China Securities Regulatory Commission (CSRC) has issued amendments to theMeasures for the Administration of the Takeover of Listed Companies 《上市公司收购管理办法》,…
The Chinese government has provided more incentives for foreign-invested telecommunications enterprises (FITEs) to do business in the PRC, through the…
China is encouraging foreign investment in the mineral resources exploration and exploitation industry. The government has placed importance on addressing the import of foreign capital and new technologies for mining.
Lovells announced that Thomas Man has joined the Beijing office as corporate partner. Man's practice will concentrate on cross-border transactions and…
Henry Wang has joined Dechert as managing partner of its Beijing office. Wang is experienced in working with global corporations, financial institutions…
Dah Chong Hong has acquired half of the stakes in a group of companies providing vehicle sales, spare parts, and maintenance and customer services, in…
Clifford Chance has relocated private equity specialist Terence Foo to its offices in Beijing. He moves from Hong Kong to strengthen the firm's private…
China has further clarified tax preferences for high- and new-technology enterprises (HNTEs) in a recent Working Guideline. Applicants that can satisfy tougher and more precise qualification criteria will benefit from clear and objective evaluation procedures, but must be prepared for broad scrutiny of their tax and legal compliance. HNTE status can be lost through business changes including mergers or acquisitions.