On 10 June 2021, the Standing Committee of the National People's Congress ("NPC") adopted the Anti-Foreign Sanctions Law of the People's Republic of China. The Anti-Foreign Sanctions Law ('AFSL') establishes the regulatory framework for foreign persons, both legal entities and individuals, acting against China's national interests. For foreign companies and individuals working in or with…
Read moreCategory: Thought Leadership
Foreign investors may decide to close their China operations for various reasons. Closing operations in China involves dissolving and liquidating the company. Abandoning a company without completing the legal requirements can result in severe penalties for personnel and the company. Specifically, the personnel and company can be blacklisted, and individuals may not re-enter China or…
Read more
China offers multiple opportunities for foreign investment. The 14th Five-Year Plan 2021 – 2025 (‘Five-year Plan), approved by the National People’s Congress on 11 March 2021, established a new economic model term - dual circulation. Dual circulation is a two-fold plan to stimulate domestic growth and consumption by boosting domestic and foreign markets. It aims…
Read more