Legal & Regulatory

New Issue of China Briefing Magazine: Operational Due Diligence in China

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Mar. 2 – In this new issue of China Briefing, we take a look at operational due diligence issues and how to kick a China business’s tires. First, we delve into some of the operational, financial and HR issues that anyone investing in China should be aware of. From establishment issues to key operational functions […]

China Prenuptial Agreements and Wills Involving Foreign-owned Assets

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By Richard Hoffmann and Lily Gao Mar. 1 – A sad, but inevitable question that occasionally raises its head in China is the position over wills and probate concerning the division of assets within a marriage involving a foreign national and a Chinese national, where one of the spouses dies. In such instances, a China […]

Business Licenses for Foreign-Invested Partnership Enterprises Available in March

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Feb. 26 – Business licenses for Foreign-Invested Partnership Enterprises and Branches of Foreign-Invested Partnership Enterprises drafted by the State Administration for Industry and Commerce will be available for use beginning March 1. The license will include registration number, name, main site for business operations, executive partners, business scope, partners, duration of partnership, date of establishment, […]

Beijing City Releases New Real Estate Policies

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BEIJING, Feb. 25 – New real estate policies released yesterday attempts to rein in ballooning housing prices and property speculation in China’s capital city. The Implementing Opinions for Promoting the Steady and Healthy Development of the Real Estate Market in Beijing (Implementing Opinions), asserts adherence to a 40 percent initial housing loan payment for second […]

New Regulations for Online Stores to be Released in March

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BEIJING, Feb. 23 – The State Administration for Industry and Commerce is expected to release new regulations for major online stores next month that will require them to apply for a business license and pay taxes. Small online sellers,  which comprise of majority of all internet sellers, will not be required to subscribe to the […]

Revised Regulations on Audit Laws Released

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Feb. 22 – China’s State Council has recently released revised implementing regulations for audit laws applicable beginning May 1, 2010. The revised rules cover responsibilities and limits of audit offices, audit procedures, and legal obligations. Specifically, it says that audit officers should avoid conflicts of interests with companies being audited, and audit authorities have the […]

Administration Rules for Foreign-Invested Partnerships Released

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Commentary: Chris Devonshire-Ellis Feb. 16 – China’s State Council has released the administration measures for the establishment of foreign-invested partnerships in China, as outlined in the State Administration of Industry and Commerce Circular [2010] No. 47. The measures take effect from March 1, 2010 and provide an alternative to the establishment of joint ventures and […]

Hong Kong Proposes Financial Dispute Resolution Center for Individual Investors

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HONG KONG, Feb. 10 – The Financial Services and The Treasury Bureau has submitted a public consultation paper suggesting plans for a Financial Dispute Resolution Center and Investor Education Council in the territory. The Financial Dispute Resolution Center will provide a one-stop service venue for resolving monetary disputes between an individual consumer and a financial […]

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