China Law

China saw foreign direct investment in the nonfinancial sector grow 0.5 percent year-on –year to 533.65 billion yuan (US$77.13 billion) in the first seven months of 2020, achieving positive growth for the first time since January, according to data from the PRC’s Ministry of Commerce (“MOC”)

The National People’s Congress (the NPC) conducted its first-round review of the draft PRC Film Industry Promotion Law (《中華人民共和國電影產業促進法（草案）》) (the Draft FIPL) on 30 October 2015.

For the first time, a specific legal framework is in place for foreign investors to invest in medical institutions in China through a wholly foreign-owned enterprise (WFOE).

In January 2013, the National Development and Reform Commission (NDRC) of the People’s Republic of China (PRC) fined six foreign flat-screen manufactures for price-fixing.

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On 29 June 2007, the Standing Committee of the National People’s Congress adopted the new Labour Contract Law (“LCL”), which take effect on 1 January 2008. There has been much debate and discussion surrounding the LCL since the first draft was issued in March 2006.

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The State Administration of Foreign Exchange (SAFE) has issued a notice regarding issues of foreign exchange administration of PRC residents financing and making “return investment” through offshore special purpose vehicles, in final form (Notice) which will become effective on 1 November 2005. Please click here to view a copy of the Chinese Notice and click here to access a rough English summary translation of the Notice.

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