Search Results for: business

China business: Draft Foreign Investment Law for the People’s Republic of China — paving the way to increased investment opportunities in China for foreign entities

The Standing Committee of the National People’s Congress released the second Foreign Investment Law of the People’s Republic of China Draft for Public Comment (The Draft Law) on 26 December 2018. The Draft Law remains open for comment from 26 December till 24 February, and could be submitted to the annual National People’ s Congress plenary session in March 2019 for deliberation and voting.

Once enacted, the Draft Law shall replace the existing three laws — Wholly Foreign Owned Enterprise […]

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China business: market-entry ‘Negative List’ updated

On 25 December 2018, China’s National Development and Reform Committee (NDRC) released its Negative List for Market Access (2018 Version). The Negative List is a list of industries in which foreign investment is either prohibited or restricted. The list’s objective is to ease market access for foreign investment by relaxing or removing restrictions; it applies across the Chinese mainland and overrides all related local government regulations. The newly updated Negative List is the first unified table applicable to both domestic […]

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China business: new version of business license goes into to effect, improved format includes QR code

On 24 December 2018, the China State Administration for Market Regulation issued the Notice of Activation of the New Business License Version, Business and Industry Enterprise [2018] No. 253 (Notice 253). From 1 March 2019, entities approved by the registration authority for business registration, business amendments or reissue of a business license shall be issued the new version of the business license. Entities who have obtained the business license prior to Notice 253 may continue using the old version of […]

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