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New Regulations on Cross-Border Data Flows Officially in Effect
The Cyberspace Administration of China (CAC) issued the Provisions on Regulating and Promoting Cross-Border Data Flows (Draft for Comments) (《规范和促进数据跨境流动规定(征求意见稿)》) on September 28, 2023 seeking public comments, which garnered significant attention. Yesterday (March 22, 2024), the CAC issued the official version of the Provisions on Promoting and Regulating Cross-Border Data Flows (《规范和促进数据跨境流动规定》) (the "Official Provisions"), which came into effect immediately upon publication.
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NDRC Draft Rule to Support Quality Borrowers' Foreign Debt
On 14 March 2024, the National Development and Reform Commission("NDRC") of the People's Republic of China ("PRC") issued the Circular on Supporting Quality Enterprises to Borrow Medium-and Long-term Foreign Debts to Promote Quality Development of the Real Economy (Draft for Comments) (the "Draft Circular")(《国家发展改革委关于支持优质企业借用中长期外债 促进实体经济高质量发展的通知(征求意见稿)》) to solicit public opinion from 14 March 2024 to 13 April 2024. According to NDRC, the Circular is aimed to expand China's high-level opening-up and facilitate the cross-border financing by quality enterprises that satisfy the eligibility requirements under the Draft Circular (as further discussed below) ("Quality Enterprises") in order to support the development of real economy.
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Setting Up A Subsidiary in the US – A Guide for Chinese Investors
In the global business landscape, many Chinese companies seek to establish a presence in the U.S. market. The available strategies include forming joint ventures, establishing branch offices, creating subsidiaries, or acquiring existing entities.
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Han Kun
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