Other Briefings
China’s New Company Law: Considerations for Foreign Stakeholders and FIEs
The New Company Law brings substantial changes with implications for new and existing foreign invested enterprises and stakeholders in China. Foreign investors must assess if adjustments to existing structures or new business negotiations are necessary.
Understanding IFRS 18: Key Updates for Financial Statement Presentation and Disclosure
The new IFRS 18 standard will impact all entities applying IFRS, influencing how they present and disclose financial performance. In this article, we explore the essential aspects of IFRS 18 and guide entities on the necessary steps to prepare for this upcoming standard.
Managing Recruitment Risks in China: A Comprehensive Approach
Recruitment carries inherent risks. Non-compliance with labor laws, as well as violations of employment equality and personal information protection regulations during the recruitment process, can result in administrative penalties or other legal consequences.
Investing in Zhangjiagang, Jiangsu Province: Economy, Key Industries and Opportunities
Zhangjiagang, located in the south bank of the Yangtze River in East China’s Jiangsu province, is a key trade and investment hub and an important transport link to Suzhou and Shanghai. The city is enjoying a period of rapid development and economic growth and is seeking to attract more investment in strategic and emerging industries.
Navigating China’s Evolving Approach to Human Genetic Resources: Insights on Regulatory Changes
China has transferred the management of human genetic resources to the National Health Commission, aiming to streamline regulations and foster biotech innovation by balancing oversight and reducing bureaucratic burdens. This shift is expected to enhance international collaboration, attract foreign investment, and expedite drug development in China.
China Monthly Tax Brief: May 2024
Highlights from this monthly China tax brief include the new beneficiary owner reporting rules to be effective from November 1, 2024, the expanded tax incentives in the Qianhai Cooperation Zone, and the advance tax ruling measures implemented in Beijing and Maoning City.
Tax Implications for Businesses Under China’s New Company Law
Under the New Company Law, companies and stakeholders face new tax implications. Ahead of its implementation, thorough understanding, staying informed, and consulting legal and tax experts are essential for proactive risk management.
China Releases New Draft Regulations on Generative AI
China is striving to regulate generative AI while promoting innovation and technological advancement. The NISSTC has issued draft regulations outlining security measures for generative AI service providers, underscoring China’s commitment to responsible AI development.
