• No Shareholding Restrictions on Foreign Investment in Automobile, Aviation and Shipping Industries

    On April 17, 2018, the National Development and Reform Commission (NDRC) announced at a press conference that a new negative list for foreign investment is being formulated and is expected to be published in the first half of this year.

    April 20, 2018

  • Foreign Investors are now welcome to enter China’s Payment Services Market

    On 19 March 2018, the People’s Bank of China (PBOC) issued Announcement No.7 of 2018 (the Announcement), which allows qualified foreign-invested enterprises (FIEs) to apply for payment business licences (Payment Licence) under the existing legal regime applicable to domestically-owned entities.

    April 18, 2018

  • China announces new measures and timeline on the further opening-up of financial sectors

    On 11 April 2018, Mr. Yi Gang, the new governor of the People’s Bank of China, spoke at a sub-forum “Normalization of Monetary Policy" during the Boao Forum for Asia Annual Conference 2018 and announced a number of measures and timeline on more financial sectors opening, following President Xi’s high-level speech regarding further opening of foreign investment regime on 10 April.

    April 12, 2018

  • Restructuring in the mining sector

    Following the high of 2011, with gold prices in excess of US$1900/oz, copper prices in excess of US$10,000/tonne and iron ore prices in excess of US$190/tonne, metal prices crashed and with those prices fell some of the junior mining companies that depended on them.

    April 03, 2018

  • CIRC Finally Issued the New Insurance Equity Rules

    On 7 March 2018, the China Insurance Regulatory Commission (CIRC) finally issued the long waited amendments to the Administrative Equity Measures of insurance Companies (the New Equity Rules). Previously, CIRC had issued two successive drafts for public consultation respectively at the end of 2016 and in July 2017.

    March 28, 2018

  • Business ethics and anti-corruption: Asia Pacific insights - Issue 14

    Welcome to Issue 14 of our Asia Pacific Insights into Business ethics and anti-corruption matters.

    March 23, 2018

  • Deferred Prosecution Agreements – Justice delayed or Justice denied?

    On 19 March 2018, the Singapore Parliament passed the Criminal Justice Reform Bill (the Criminal Justice Bill), which introduced sweeping changes to Singapore’s criminal justice framework.

    March 16, 2018

  • China’s new Anti-Unfair Competition

    China’s new Anti-Unfair Competition Law (the New Law) was promulgated by the Standing Committee of the National People’s Congress on November 4, 2017 and will take effect from January 1, 2018, by which date the current version of the law promulgated back in 1993 will cease to be effective.

    March 16, 2018

  • New FCPA enforcement policy provides additional certainty, but risks remain

    In November 2017, the United States Department of Justice (DOJ) announced a potentially significant change to how it will evaluate and reward corporate cooperation and self-disclosure in Foreign Corrupt Practices Act (FCPA) cases.

    March 16, 2018

  • Profile interview with Etelka Bogardi

    In this issue of Insights, we speak with Etelka Bogardi, our new financial services regulatory partner based in Hong Kong, who joined us from the Hong Kong Monetary Authority.

    March 16, 2018

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