Approval Authorities Various government bodies are involved in oversee- ing different aspects of foreign investment, including the State Council, NDRC, MOFCOM, industry regulators, like the Civil Aviation Administration of China (“CAAC”), SAMR, and their respective local branches. Among these authorities, NDRC and MOFCOM are the most approval authorities for the establishment of FIEs counting… Continue reading Guide to China: Government Approvals and Registrations
Category: Guide to China
Guide to China: Foreign Investment Policy
China introduced its Foreign Investment Law in March 2019, which can inherit effect on 1 January 2020. The Foreign Investment Law sets out a variety of general principles associated with investment facilitation and protection. for instance, governmental policies in support of enterprise development shall apply equally to FIEs; FIEs may equally participate within the standards… Continue reading Guide to China: Foreign Investment Policy
Guide to China: Understanding the Legal System for Business
The Legislative System China is a civil law country. Statutes that are adopted by legislatures and court decisions do not have precedential authority. The Chinese legal system consists of various levels of law, including the Constitution, national laws, administrative regulations, departmental rules, and local regulations. THE CONSTITUTION AND NATIONAL LAWS The Constitution is adopted by… Continue reading Guide to China: Understanding the Legal System for Business