The rapid expansion of the NBA in China overshadowed the premier professional basketball league in China— the China Basketball Association (“CBA”). Beyond the superior play, the CBA currently underperforms the NBA in many other aspects.
By Wang Rui, Partner at King & Wood, William Gould, Alvin Attle, and Peter Gall
Continue Reading...
I. First Law Governing State-Owned Assets in China
The Enterprise State-owned Assets Law of the People's Republic of China ("State-owned Assets Law") was adopted on the fifth session of 11th Standing Committee of the National People's Congress on October 28, 2008 and become effective on May 1, 2009. The State-owned Assets Law, which had been drafted and deliberated for more than ten years, is China's first law addressing state-owned assets.
By Su Zheng, Partner at King & Wood, and Hu Ping
Continue Reading...
On June 9, 2009, the State Administration for Foreign Exchange (“SAFE”) issued the Notice on Certain Issues Relating to Foreign Exchange Administration on Offshore Lending by Domestic Enterprises (the “Notice”) effective as of August 1, 2009, in an effort to deal with the difficulties faced by offshore Chinese-funded enterprises that have “gone abroad” in obtaining financing offshore and increasing working capital, to encourage more domestic enterprises with strong capital strength to “go abroad”, and to enhance the use of funds by domestic enterprises.
King & Wood's Finance Group
Continue Reading...
Enter keywords:
Add this blog to your feeds or put your e-mail in the box below and hit GO to subscribe by e-mail.