On 19 September 2020, the Ministry of Commerce issued the Provisions on the Unreliable Entity List (the “Provisions”). The Provisions establish a legal framework that provide initial procedures for the designation of non-Chinese enterprises, other organizations, or individuals of a foreign country (“foreign entity”) that act contrary to China’s interests. Purpose of the Provisions While…
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Amidst worldwide economic uncertainty and complex international relations, investors are trying to navigate toward opportunities that position them to succeed. Many of those opportunities can be found in China. At Horizons, we’re confident of China’s economic stability, growth and effort to move past the negative effects of COVID-19. In the latest World Bank Asia Pacific…
Read moreAt Horizons, we encounter numerous queries about opening a company bank account in China, especially during the COVID-19 pandemic. For practical purposes, a company bank account should be opened upon the receipt of the business license. For foreign companies operating in China, two accounts should be opened in order for a business to commence with…
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