Legal framework between China and HK SAR courts establishes mutual recognition and assistance in filling for cross-border bankruptcy. On 14th May 2021, the Secretary for Justice of Hong Kong and the Vice-President of the Supreme People's Court (SPC) of China signed a record meeting on the mutual recognition of and assistancein filing for cross-border…
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The Futures and Derivatives Law of the People's Republic of China was adopted by the National People's Congress on April 20th and is effective from August 1, 2022. The Futures and Derivatives Law is a historical development for the financial industry in China. Namely, it aligns future and derivative legislation with international netting practices and…
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In China, the invoice — or fapiao (发票) — refers to the certificate of payment or receipt of money made or received in purchases and sales of goods, provisions or acceptance of services and other business activities. On the December 1, 2021, the digital invoices pilot program was introduced across China. Companies are selected and…
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