Tag: china

Why good corporate governance is so important in China?

A major challenge for foreign investors is maintaining proper governance of their Chinese entity and generating a profitable business. Whilst there are significant improvements in the business environment, including regulatory reforms to streamline administrative procedures, investors, especially those residing abroad, face challenges in establishing the proper corporate governance and ensuring the Chinese subsidiary is correcting…

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Are you prepared for the Data Security Law effective from 1 September 2021?

On 10 June 2021, the Standing Committee of the 13th National People's Congress adopted the Data Security Law of the People's Republic of China ("Data Security Law") effective from 1 September 2021. The Law establishes an overarching framework to regulate data handling and management accordingly with national sovereignty, security, and development interests. Under the Data…

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China strengthens Intellectual Property Rights protection

Recently, rapid Chinese demand for domestic design products is paving regulation reforms in intellectual property rights (‘IPR’) protection. Both qualitative and quantitative growth in the design market is advocating the protection of intellectual property as fundamental in sustaining the industry within China. The Chinese authority promptly acknowledged this issue and with the fourth amendment of…

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