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2026-08-20From "Formal Compliance" to "Substantive Compliance" – A Shift in Regulatory FocusAgainst a backdrop of geopolitical volatility and fiscal pressure, "substance over form" and "reasonable commercial purpose" have become core principles across tax, accounting and legal regulation. This article traces their historical
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2026-08-20Outbound Investment Series | State Council Decree No. 837 Takes Effect – A Compliance Guide for Technology Transfer in Overseas InvestmentsOn 1 July 2026, the State Council Decree No. 837 (hereinafter "Decree No. 837" or the "Regulations") on outbound investment officially took effect. Article 13 draws a clear red line: investors shall not export or use goods, technologie
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2026-08-20Outbound Investment Series | 1 August Take Effect! Thailand DBD Order No. 2/2569 Brings New Substantive Control Rules – Nominee Shareholding Loopholes for Chinese Investors Are ClosingOn 1 August 2026, Thailand's Department of Business Development (DBD) issued Order No. 2/2569, marking a fundamental shift in foreign investment regulation—from documentary compliance to substantive control and economic substance review. Previously, DBD
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2026-07-02New Policy Focus | An Analysis of the Action Plan for Consolidating, Stabilizing and Optimizing Foreign Investment UtilizationRecently, the Ministry of Commerce (MOFCOM), together with the National Development and Reform Commission (NDRC) and the Ministry of Finance, jointly issued the Action Plan for Consolidating, Stabilizing and Optimizing Foreign Investment Utilization(herei
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2026-06-11Breaking! Effective July 1 – In-depth Interpretation of the State Council's New Overseas Investment Regulations | Series III: After the New Regulations, Which Key Issues Remain Unresolved?The Regulations of the State Council on Outbound Investment(State Council Order No. 837, hereinafter "Order No. 837"), officially announced on June 1, 2026, represents a landmark piece of top-level legislation in the history of China's outbound
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2023-06-06What is H-share "Full Circulation"?
To understand H-share "Full Circulation," let's first get acquainted with "H-shares." H-shares refer to stocks issued by domestic registered companies and listed on the Stock Exchange of Hong Kong Limited ("HKEX"). Correspon
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2023-05-24Ethical Development of Artificial Intelligence - China's Regulatory Approach and Corporate Compliance Recommendations (Part 2)
Do you know: - What is the relationship between ChatGPT and AI, AGI, and AIGC as different forms of artificial intelligence, and how has the paradigm shifted? - How does the global and domestic landscape of AI big data models reflect the new &
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2023-05-15Ethical Development of Artificial Intelligence - China's Regulatory Approach and Corporate Compliance Recommendations (Part 1)
"What's the hottest trend after the metaverse? Undoubtedly, the answer is ChatGPT. By the end of January 2023, ChatGPT surpassed 100 million monthly active users, becoming the fastest-growing consumer application in history. This news quickly ignite
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2023-05-15OFFSHORE Series | Understanding Offshore Company Registers through Practical Examples (Part 2) - An Example of Cayman Companies.
Among the offshore registration jurisdictions, the British Virgin Islands (BVI) and the Cayman Islands are currently popular choices, with BVI and Cayman companies being the most commonly used SPVs.
