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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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2026-04-23Major Changes to Notarisation of Hong Kong Companies: Directors Must Attend In Person, Flexibility Tightened
On 20 March 2026, the China Notary Association Limited issued Circular No. 1599, introducing significant changes to the notarisation of Hong Kong company documents, particularly regarding the use of “authorised persons” to sign company resolutions on beha
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2026-03-11Sinobravo Observation | Two-Way Cross-Border Capital Amidst Geopolitical Turbulence
From the 2026 Two Sessions Government Work Report to the Escalation of the Iran Situation: Analyzing the New Logic Behind Foreign Investment in China and Chinese Enterprises "Going Global"
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2026-03-11Important Notice! Hong Kong Company Registration Fees to Increase Soon!
According to the 2026-2027 Budget of the Hong Kong Special Administrative Region Government, the fee for the Hong Kong Business Registration Certificate (BR) will be adjusted effective April 1, 2026. This adjustment will directly impact the incorporation
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2026-01-09Foreign Exchange Series | How to Repatriate Funds After H-Share Reduction
Recent H-share market activities have shown significant characteristics of phased share reductions, coupled with the ongoing deepening of the H-share "full circulation" reform. As a result, the foreign exchange registration process during share
