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China proposes new measures for foreign investors’ strategic investments in listed companies

The Chinese Ministry of Commerce (‘‘MOC’’) released on 30 July 2018 a draft on the amended Administrative Measures for Strategic Investment by Foreign Investors in Listed Companies (the ‘‘Draft’’), which aims at further opening the Chinese market to foreign investors. The Draft is set to revise the existing laws and regulations (the ‘‘Existing Measures’’), in effect since 30 January 2006, and proposes looser restrictions on strategic foreign investments into Chinese listed companies, in line with the new regulatory regime and China’s economic development strategies.

  

Taiwan, Hong Kong and Macao residents no longer required to obtain work permit for employment in Mainland China

The State Council published on 28 July 2018 the Circular GuoFa [2018] No. 28 (the ‘‘Circular’’), abolishing 11 administrative licenses in China, among which the work permit for Taiwan, Hong Kong and Macao residents (‘‘THKM’’).

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