During the twelfth National People’s Congress, a newly established committee was entrusted with the task of laying down a new environmental protection regulation. It is expected that the official implementation of this regulation will begin in 2018 leading to an ever increasing attention by the Chinese authorities towards environmental protection. The decree which came into…
Beijing, Monday 28 August 2017, the Supreme People’s Court issued a new interpretation of corporate law (Company Law of the People’s Republic of China). This interpretation extends the rights of shareholders within the company and among shareholders. Article 22 of the Company Law regulates the invalidity of the resolutions of the main organs of a…
The new regulation on food safety (Food Safety Law) came into force in Shanghai in March 2017. Lately, China has been increasingly showing the will to dissociate itself from the label of being a backward country. The country’s latest effort concerns food safety, the regulation of which seems to place food related scandals into the…
On 16 May 2017 the CFDA – China Food and Drug Administration published a third batch in the list of the Class I and II medical devices which will no longer need clinical trials to obtain registration The market for medical devices in China is constantly evolving. The exemption from the obligation to carry out…
On 1 June 2017, the Network Security Law of the People’s Republic of China, also known as Cybersecurity Law, came into effect. The regulation aims at increasing the level of security and protection of the IT data in the Chinese territory. The new concept of Cyberspace sovereignty has been coined by the Chinese legislator. The…
Made in China 2025 is a strategic development plan promoted by the Chinese government which aims at improving the international competitiveness of the Chinese manufacturing industry within 2025 through a greater use of robotization and automation processes. Financing and incentives shall be granted for such purpose to Chinese companies who intend to purchase or develop…
The China-Italy SME Investment and Trade Forum and B2B took place at the Bank of China Headquarters in Beijing on 16 May 2017. The forum was organized jointly by the Bank of China and Sistema Italia to bring together small and medium sized Chinese enterprises and their Italian counterparts to widen and develop the collaboration…
Through Law no. 96, of 18 June 2015, in effect since 1 January 2016, the Italian government finally ratified the agreement between Italy and the Hong Kong Special Administrative Region, with the declared aim of avoiding double taxation in the field of income taxes and of preventing tax evasion. Besides the different aspects included in…
As of October 1 2015, after being tested in a few pilot areas, the Business License reform has officially entered into force over the entire territory of China. Before examining its key aspects, it is necessary to place the aforementioned reform within the wider legislative framework concerning foreign investment in the PRC. Indeed, the entire…
On the first of October the reformed Chinese Food Safety Law (FSL) –approved by the National People’s Congress on 24 April– officially entered into force. It stems from the need to harmonize the management of food safety with the regulations of other countries. The new Food Safety Law must therefore be seen as a tangible…