Foreign Direct Investment

Restrictions on establishment of entertainment venues are relaxed for foreign investment

Regulations are revised emphasizing the public welfare attribute of private education

Foreign producers of specific foodstuffs require recommendations by their relevant government department

Operators of critical information infrastructure bear heightened counter-espionage security obligations

Foreign insurance group companies and non-insurance financial institutions may become shareholders of foreign-invested insurance companies

SEC unveils amendments to implement law targeting U.S.-listed Chinese companies; China outlines plans to improve workers' protections in platform economy; and NDRC streamlines approvals process for foreign investment in encouraged industries

Scott Yu and Frank Jiang of Zhong Lun Law Firm highlight recently introduced national security measures for review of foreign investments including its broader reach within China, the scope of M&A targets and expanded sectorial coverage, and the new review mechanism coordinated by the NDRC

European Commission publishes full text of China-EU investment deal; PBOC publishes draft rules targeting anti-competitive practices of payment platforms; NPCSC adopts decision launching Beijing Financial Court

Nine more Chinese companies added to U.S. military company list; Commerce Dept. names China a foreign adversary, setting stage for tech transaction restrictions; and EU chamber report cites digital decoupling as biggest threat to EU companies