CHINESE UPDATE – Foreign Investment in China has entered into the Fast Track – Interpretation of the New Implementing Regulations of the Foreign Investment Law of the People’s Republic of China (“PRC”)
On December 31, 2019, the Implementing Regulations of the Foreign Investment Law of the People’s Republic of China (the “Regulation”), an important administrative regulation facilitating the implementation of the Foreign Investment Law of the People’s Republic of China (“Foreign Investment Law”), was officially published. It came into force on January 1, 2020, together with the Foreign Investment Law. This article provides an interpretation of the main contents of the Regulation, the major changes made from the Implementing Regulations of the Foreign Investment Law (Draft) (the “Draft”) published by the Ministry of Justice on November 1, 2019, and legal issues related to the Regulation. It will then end with a discussion regarding the practical issues that may need further clarification and resolution from the legislature or other supervisory authorities.
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