China

In agreements that select the PRC as the place for resolution of any disputes, it is common to see wording such as “parties should file a lawsuit at the people’s court which has jurisdiction” or “...
September 2018
Late last month, the Securities and Futures Commission (SFC) announced that agreement with the China Securities Regulatory Commission (CSRC) to implement the investor identification model for Stock...
September 2018
In Baosteel Engineering & Technology Group Co. Ltd. v. China Zenith Chemical Group Ltd. [HCCT 7/2018], the Hong Kong Court of First Instance granted a temporary stay of enforcement of an arbitral...
September 2018
The “Belt and Road” initiative (BRI) is a trade and infrastructure development strategy instigated by the Chinese President Xi Jinping in 2013 to convert what was once known as the Silk Road to a...
July 2018
China's Supreme People's Court (SPC) has established two new international commercial courts to handle a broad range of international disputes. The new courts are specifically designed to attract...
July 2018
The Hong Kong stock exchange said on Wednesday it has agreed to work with China’s bourses towards the inclusion of dual-class shares in a cross-border trading link, marking a step towards resolving a...
July 2018
The head of Hong Kong's Independent Commission Against Corruption (ICAC) has warned local investors to beware of rampant corruption in some Belt and Road countries. ICAC commissioner Simon Peh Yun...
July 2018
Valuations of “new economy” initial public offerings in Hong Kong are ringing alarm bells in China, with the securities regulator urging institutions to be “responsible” and professional in the book-...
July 2018
On 6 June 2018, the China Securities Regulatory Commission (CSRC) issued the Measures on the Administration on Issuing and Transacting Chinese Depositary Receipts (Trial) together with eight...
July 2018
On 14 May 2018, the General Office of the State Council issued the Opinions on Further Reducing Enterprise Launch Time, with immediate effect. The opinions are aimed at reducing the time it takes...
July 2018
A recent judgment from the Beijing Fourth Intermediate People's Court ("Beijing Court") refused to recognise and enforce a foreign arbitral award issued in Hong Kong on the basis that the award dealt...
July 2018
On 28 April 2018, the China Securities Regulatory Commission (CSRC) issued the Measures on the Administration of Foreign-invested Securities Companies (外商投资证券公司管理办法), which replaced the 2012 Rules on...
June 2018
On 17 April 2018, the National People's Congress (NPC) Standing Committee released its 2018 legislative work plan (全国人大常委会2018年立法工作计划). The plan is divided into sections on different categories of...
June 2018
On 27 April 2018, the China Banking and Insurance Regulatory Commission (CBIRC) issued the Notice on Matters Related to Further Relaxing Market Access for Foreign Banks (关于进一步放宽外资银行市场准入有关事项的通知),...
June 2018
On 19 March 2018, the PBOC issued Announcement No. 7 (2018), with immediate effect. The announcement extends national treatment to foreign-invested third-party electronic payment institutions,...
June 2018
On 10 April 2018, President Xi Jinping announced a series of economic measures during his keynote speech at the annual conference of the Boao Forum for Asia (BFA). The measures are designed to...
June 2018
On 28 March 2018, the Leading Group on Internet Finance Risk Remediation issued the Notice on Expanding the Rectification of Asset Management Business Carried out through the Internet and Launching...
June 2018
INCREASING POLITICAL SENSITIVITY The Chinese government has become increasingly sensitive to use of flags and emblems, particularly with regards to use which touches upon matters of politics...
April 2018
On March 1, 2018, the Administrative Measures for Outbound Investments by Enterprises (‘Circular 11’) issued by the National Development and Reform Commission (the ‘NDRC’) went into effect. In...
April 2018
Companies doing business with China have greater incentive than ever before to strengthen their compliance programs, as the country has now created a new supra-agency, the National Supervision...
April 2018