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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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2023-05-11OFFSHORE Series | Understanding Offshore Company Registers through Practical Examples (Part 1) - An Example of BVI Companies
As the pace of economic globalization advances, more and more domestic capital is seeking to develop in the international market. Apart from a few enterprises that will invest directly, most enterprises will choose to set up offshore entities as Special P
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2022-08-12Explore foreign exchange registration routes for ESOPs of unlisted companies with red chip structure
During the economic and financial globalization and integration, it has become a general trend for Chinese enterprises to make full use of overseas capital markets for global financing. Therefore, more and more enterprises choose to go overseas for listin
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2022-08-12Comparison of methods of foreign capital participation in domestic investment - FDI/QFII/RQFII/QDLP......
In recent years, with the rapid development of China's economy and the deepening of its openness to the outside world, the enthusiasm of foreign capital to enter domestic investment has increased significantly, and there are more and more ways to legally
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2022-08-12Law to protect China’s "Information Infrastructure" - A brief analysis of the Regulations on the Security Protection of Critical Information Infrastructure
On August 17, the Regulations on the Security Protection of Critical Information Infrastructure (hereinafter referred to as "the Regulations") were officially announced, providing an important suit of legal armour for China's critical informatio
