China’s Auto Industry: Foreign Ownership Limits Scrapped
China has announced that it will eliminate ownership limits on automotive enterprises by 2023, allowing foreign investors to establish wholly foreign-owned enterprises (WFOEs) in the industry.
China’s Digital Economy: The Shape of Things to Come
China has shown that it has ambitious plans to upgrade its economy and industrial policy – and these efforts are accelerating going into 2018. Here, we look at what China has planned for the growth of its digital economy.
EU Data Processing Law May Affect Hong Kong from May 2018: Are You Ready?
The EU has enacted two key regulations relating to data processing. When they come into full force, any company based in Hong Kong, or anywhere else for that matter, will need to have governance policies in place if they solicit or target, collect, store or process any data on a citizen of the EU.
China’s Business Reform Agenda
In recent years, the government has introduced a number of policies and reforms to improve investment conditions and the ease of doing business in China. Here, we recap some of China’s recent pro-business reforms.
Key Takeaways from Xi’s Speech at China’s 19th Party Congress
Chinese President Xi Jinping announced the beginning of a “new era” for socialism in China and laid out his vision for the country’s future in his nearly three and a half hour speech to open the 19th National Congress of the Communist Party of China. Here, we examine the speech’s key points.
Supreme Court Issued Interpretation IV on Company Law, ICOs Banned – China Regulatory Brief
This week, we examine a Supreme Court decision that strengthens shareholders rights, new draft standards for the Cybersecurity Law, and a ban on initial coin offerings.
China’s Sharing Economy
China’s sharing economy is expected to maintain a 40 percent annual growth rate over the next few years, and is officially forecast to account for over 10 percent of the country’s GDP by the year 2020, and 20 percent by 2025. In this, we look at aspects of China’s sharing economy, and opportunities for foreign investors.
AI in China: How AI Can Optimize Your Operations
Many business leaders across the world, including China, do not yet see AI as a priority; at least 40 percent of enterprises within traditional industries in China do not see AI as strategically important. However, 55 percent of near term gains from AI are set to come from productivity increases in labor.