Corporate Governance

China implements new registration system for registered capital subscription.

Banks required to disclose more information on affiliated transactions.

The revision abolishes the minimum registered capital requirement of Rmb30,000 for limited liability companies.

The amendments to the PRC Company Law will boost economic activity and stimulate investment. The reforms are an important step in the drive to establish a more mature market with less government control

Non-financial institutions allowed to invest in consumer finance companies.

Wholly foreign-owned international shipping management enterprises allowed in the Shanghai FTZ.

Where an overseas investor has been granted approval to invest in a financial institution in China, it may make this investment in renminbi.

My company is a WFOE and we need to change our legal representative. I have heard this is a difficult process – what advice can you offer on how to accomplish this?

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