In 2018, China announced a series of new regulations which are designed to improve the regulatory framework of Cross Border E-Commerce (hereafter CBEC) retail imports and promote the development of this sector. These regulations with effectiveness on 1st of January 2019 have clarified the general supervisory principle for CBEC retail imports, expanded the qualified CBEC retail import system, adjusted tax policies and enhanced the CBEC import supervision system.
@ S-GE | August 26, 2019
On the 15th of March 2019, the National People’s Congress of China (NPC) adopted the new Foreign Investment Law (FIL). Effective on the 1st of January 2020, the new law will replace the three primary laws regulating foreign-invested enterprises (FIEs) in China: the law on Sino-Foreign Equity Joint Ventures (EJVs), the law on Wholly Foreign-Owned Enterprises (WFOEs), and the law on Sino-Foreign Cooperative Joint Ventures (CJVs) (collectively the “Three FIE Laws”) with a transit period of 5 years.
@ S-GE | August 15, 2019
“The reluctance of Chinese companies to take over companies in Switzerland and Europe continues: in the first half of this year, only 81 takeovers and company holdings were counted across Europe – 27 percent less than in the same period last year when 113 European companies still had a Chinese owner. With hardly any large transactions, the investment volume declined significantly by 84 percent from $ 15.3 billion to $ 2.4 billion.”
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