regulations

Last month, China’s Ministry of Commerce (MOFCOM) issued a circular which outlined new measures to reform and open up its service sector. Here’s what it included: The circular included eight pilot tasks and 122 measures to promote innovation in the service industry, and 16 measures to remove bureaucratic hurdles for new market entrants. Most importantly, it also included 26 measures to facilitate the entry of foreign service providers. The sectors …

By Dor Barak of PTL Group At the time of publication, the Coronavirus crisis in China has begun to lift and business conditions are creeping back to some kind of normality. Nonetheless, the spread of the virus over recent weeks has shaken the fabric of business proceedings both in China and the wider world. Against this backdrop of lockdown, the companies that have fared best have been the ones that …

Premier Li Keqiang announced last month, that the new e-commerce law will be introduced on January 1st, 2019 and will expand and improve on the existing cross-border e-commerce (CBEC) policies. It will ensure that the current policies on CBEC retail imports will continue and no requirements in licensing, registration or record-filing for first-time imports will apply to retail imports through CBEC platforms. Instead, these goods will receive more relaxed regulation …

Intellectual Property in the Internet age is hard to police, writes Reuben Kaufman, but a new e-commerce law might go some way to find a solution On the 1st of January 2019, a new e-commerce law will come into effect in China, and it could spell important changes for British businesses in the country. Under the new regulations, e-commerce operators are encouraged to provide increased protection, including in the field …

A boom in funding has led to an array of opportunities for sharing-economy companies but they come with their challenges, writes Kiko Yap Assimilating a foreign model The sharing economy in China has boomed in the last 18 months. From bikes and cars to basketballs and umbrellas, start-ups have been tagging the phrase gongxiang – or “sharing” – to their company names, in a bid to get a slice of …

Wealth Management Products in China are coming under increased scrutiny from regulators, creating new opportunities for investment into Britain, writes Tom Pattinson Last month Moody’s downgraded China’s rating for the first time in nearly three decades from A1 to Aa3. The reason cited was the country’s rapidly growing debt that has formed due to major bank loans and government subsidies that has helped China’s growth to rumble along at similar …