Foreign Direct Investment

Export pharmaceuticals commissioned for production from a foreign pharmaceutical manufacturer may not be sold and used in the PRC

A QFII may select at its own discretion the currency it remits inwards to invest in domestic securities or futures

Revised Chinese Company Law requires mandatory worker representation in boardrooms; Shanghai's biomedical measures catch the most attention; and Merchants of Pinduoduo's international arm, Temu, struggle to sue the company due to its complex structure.

WeRide IPO shows another green light for overseas listing of Chinese companies; China imposes new regulations for local authorities to better implement its state secrets law overhaul; and two Chinese state departments release new rules for QFII to stimulate foreign securities investment.

Lawyers in Asia say a Harris Administration will unlikely lift the clouds on China but may bode well for the rest of Asia.

State Council relaxes foreign investment in value-added telecommunications services in five cities.

U.S. lawmakers are worried about Microsoft's deal with a UAE-based AI company that has China ties; Nippon Steel ends joint venture with Baoshan; and China tightens regulation on hedge funds and programmed trading.

The Supreme People's Court releases "typical cases" as a guide for the application of extraterritorial laws in Chinese courts; Chinese tech companies anticipate increased costs under the EU AI Act; and Foreign investors face increased domestic competition in China.

Geoffrey Chan and Angela Liu of Skadden, Arps, Slate, Meagher & Flom in Hong Kong examine key structuring considerations for international companies planning to establish a corporate venture capital arm in China or elsewhere in Asia