Bofu An, Bao Zhi, Henry Chen, Stephen Crosswell, Simon Hui, Jonathan Isaacs, Nancy Lai, Binxin Li, Lucca Li, Aggie Liu, Honghuan Liu, Laura Liu, Zheng Lu, Frank Pan, Scott Silverman, Howard Wu, Vivian Wu, Tracy Wut, Kevin Yuan, Xi Zhou, Zheng Zhou, Author at Global Compliance News

In AML & Financial Services Regulatory

Doing Business in China 2022

May 9, 2022 by Bofu An, Bao Zhi, Henry Chen, Stephen Crosswell, Simon Hui, Jonathan Isaacs, Nancy Lai, Binxin Li, Lucca Li, Aggie Liu, Honghuan Liu, Laura Liu, Zheng Lu, Frank Pan, Scott Silverman, Howard Wu, Vivian Wu, Tracy Wut, Kevin Yuan, Xi Zhou and Zheng Zhou 1 Min Read

The Guide to Doing Business in China provides an introduction to selected aspects relating to investment and business operations in the People’s Republic of China under current Chinese laws and policy during the COVID pandemic, including a summary of important areas of concern to all investors in China: mergers and acquisitions, data privacy issues, antitrust and competition issues, taxation, employment, intellectual property protection, trade and import and export rules, financial services, as well as anti-bribery compliance and dispute resolution issues.

In AML & Financial Services Regulatory

China: China enacts new foreign investment security review measures

January 25, 2021 by Howard Wu and Tracy Wut 6 Mins Read

On 19 December 2020, the National Development and Reform Commission (NDRC) and the Ministry of Commerce (MOFCOM) jointly issued the Measures for Security Review of Foreign Investment (New Measures) (the official Chinese text is available here; and an unofficial translation is available here). The New Measures, effective from 18 January 2021, represent…

In Asia-Pacific

Are You Ready for China’s Social Credit System?

October 9, 2019 by Bao Zhi, Vivian Wu, Scott Silverman, Tracy Wut, Howard Wu, Miao (Cherrie) Shi and Zhenyu Ruan 10 Mins Read

Chinese government authorities have recently issued a series of policies and draft amendments to push forward the establishment of the Social Credit System (SCS). Multinational companies are particularly concerned at how the SCS could affect the business operation of their Chinese subsidiaries. The following are selected developments released by various…

In AML & Financial Services Regulatory

China issues a new consolidated law on foreign investment

May 9, 2019 by Bao Zhi, Stanley Jia, Scott Silverman, Vivian Wu, Nancy Leigh, Grace Tso, Tracy Wut, Maggie Chen, Zhenyu Ruan, Miao (Cherrie) Shi, Howard Wu and Frank Zhuang 12 Mins Read

On March 15, 2019, the National People’s Congress (NPC) of the People’s Republic of China (PRC) passed the Foreign Investment Law of the People’s Republic of China (the “Foreign Investment Law”). The Foreign Investment Law will come into effect on January 1, 2020. The Foreign Investment Law was formulated to further expand opening up…

In Asia-Pacific

Final Passage of China’s Cybersecurity Law

December 4, 2016 by Howard Wu, Zhenyu Ruan, Nancy Leigh, Paolo Sbuttoni and Eugene Lim 2 Mins Read

After much anticipation, the Chinese legislature finally passed the Cybersecurity Law on 7 November 2016, and the CSL will come into legal effect on 1 June 2017. The CSL is the last of the trio of laws focusing on cybersecurity, after the National Security Law and the Anti-Terrorism Law.

In Asia-Pacific

China’s “Internet Sovereignty” and Emerging Cybersecurity Regime

August 24, 2015 by Nancy Leigh, Howard Wu, Zhenyu Ruan, William Marshall and Anna Gamvros 10 Mins Read

China’s draft Cybersecurity Law sets out a framework for China’s cybersecurity regime, responding to the needs set out in the National Security Law to ensure “safe and controllable” systems and data security in critical infrastructure.