Personal Wealth Planning in the Context of Policy Reform
Authors: Han CHEN, Bing XUE, Qihui TANG With rapid economic growth in China, wealth planning for high net worth individuals and the demand for establishing family offices have become popular topics in the market. In order to help readers understand the legal issues related to wealth inheritance and planning, we have prepared this article to …
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Overview of the New Regulations for Private Schools
Authors: Yaohua HU, Laixiang LI On January 18, 2017, the State Council officially promulgated the Several Opinions of the State Council on Encouraging Non-governmental Sectors to Run Schools and Promoting the Healthy Development of Non-governmental Education (Guo Fa [2016] No. 81) (the “Opinions”). On the same day, the Ministry of Education published two regulations regarding …
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New Bike-sharing Rules: The Role of Government, Operators and Users
Authors: Gloria XU, Cheng CHEN, Qianfei WANG On August 1, 2017, the Guiding Opinions on Encouraging and Regulating the Development of Internet Bicycle Rentals (Jiao Yun Fa [2017] No. 109) (the “Opinions”) was jointly promulgated with State Council approval by ten ministries and departments, including the Ministry of Transport, the Publicity Department of CPC, the …
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Internet News Information Service Industry Reshuffle?
Authors: Sheng LI, Xi YAN On May 2, 2017, the Cyberspace Administration of China promulgated the Administrative Provisions for Internet News Information Services (“Provisions”), which will come into effect on June 1, 2017 and replace the existing Regulations for the Administration of Internet News Information Services (“Regulations”) which was promulgated in 2005.
Drug Procurement GPOs: Antitrust Law Compliance Matters
Authors: Chen MA, Da SHI, Junfeng CUI The drug market in China has long been subject to both market competition and administrative control. While the government leaves drug prices to market fundamentals in principle, it also actively intervenes in the case of market failures, which includes adjusting the market structure to regulate drug prices.
CII, Core Cybersecurity Law System Issued
Authors: David TANG, Min ZHU, Jundong GUO, Effy SUN On July 10, 2017, the Cyberspace Administration of China (“CAC”) promulgated the Regulations on the Security Protection of Critical Information Infrastructure (Draft for Comment) (“Draft Regulations”), which will be open for public comment until August 10, 2017.
The Reach of Shareholder Look-through
Authors: Yaohua HU 丨 Xin DU 丨 Yikai WANG 丨 Yunting YE The PRC Law on Securities (“Securities Law”) and relevant laws and regulations strictly prohibit the unauthorized issuance of shares to the public (the issuance of shares either to nonspecified persons or to specified persons which results in the issuer having more than 200 …
Hong Kong’s Recently Passed Ordinance on Third Party Funding and HKIAC’s Consultation
on Proposed Amendments to the 2013 Rules on Proposed Amendments to the 2013 Rules In this June, a long-awaited law was passed and enacted by the Hong Kong Legislative Council, clearing the way for third parties to fund arbitration in Hong Kong.
Repossession of Aircraft in China: Legal Issues and Options for Lessors
Authors: Shu WANG, Jun ZHU While the aviation industry continues to expand quickly in the PRC market, it is still possible that things can go wrong and an individual lessee may default under a lease when it faces tough times due to various reasons. For all lessors, whether they are financial lessors or operating lessors, …
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Shanghai Circulates Incentive Policy 2.0 for Foreign-Invested R&D Centers
Authors: David TANG, Jun LI, Serina WEI On October 16, 2017, Shanghai Municipal People’s government circulated the Several Opinions on Further Supporting Foreign-Invested Research and Development Centers to Participate in Shanghai’s Construction of a Science and Technology Innovation Center with Global Influence (Hu Fu Fa [2017] No. 79, hereinafter “Opinions”), which can be regarded as …
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