Legal & Regulatory

Unlocking Opportunities: Hainan’s 2024 Encouraged Industries Revealed

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Hainan has officially launched the 2024 catalogue of encouraged industries, featuring 33 new additions compared to the 2020 edition.

Draft Standards for Personal Information Protection Compliance Audits – Key Guidelines for Companies

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The new draft standards provide useful guidance for companies in China to carry out personal information protection compliance audits proposed under draft measures in 2023.

China’s Regulatory Adjustments to Unlock Service Sector Potential in Six Cities

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China approved regulatory adjustments in six cities to open the service sector and attract foreign investment in medical institutions, eldercare facilities, tourism, entertainment, and telecommunication services.

Complying with New Registered Capital Rules under China’s Revised Company Law

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Companies established before the new company law took effect on July 1, 2024, should note the timeline to adapt to the new registered capital rules in China.

China Issues Judicial Interpretations on the New Company Law’s Applicability and Retrospective Effect

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The final version of the 2023 China Company Law came into effect July 1, 2024 and the Supreme People’s Court has issued judicial interpretations regarding the application and effectiveness of the Company Law. While adhering to the principle that laws do not apply retroactively, the Interpretations clarify situations where provisions of the New Company Law take precedence.

China’s Revised Company Law in Effect from July 1, 2024: Key Details Here

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The revised Company Law includes major changes to company capital rules, corporate governance structures, shareholder rights, and liquidation procedures.

China Issues New Fair Competition Review Regulations in Effort to Improve the Business Environment

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The new rules prohibit local governments from including content that could favor or discriminate against certain companies when drafting legislation and policy measures.

China Releases ESG Reporting Standards for Businesses

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China has released new ESG Reporting Standards, aiming for a mandatory, ISSB-aligned system by 2030, with key standards introduced by 2027.

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