By Xiong Jin  King & Wood Mallesons M&A Group

In recent years, China’s shale gas industry has attracted great interest from both domestic investors – state-owned or otherwise – and major offshore players, thanks to a broad range of initiatives and preferential policies promulgated by the central government with a view to encouraging investment.

Notwithstanding these encouraging developments, the regulatory regime for the shale gas industry is still in its early stages,and development has been slow. The regime also poses unique challenges for foreign investors. This article discusses regulatory developments, potential pitfalls and some structural options. Continue Reading Before You Invest in China’s Shale Gas Assets

作者:熊进 金杜律师事务所公司并购

近年来,由于中国政府实行各种鼓励页岩气投资的优惠政策和计划,中国页岩气行业不仅吸引了国内投资人(包括国有企业和其他投资人),也令活跃在这个领域的海外投资人趋之若鹜。

尽管取得了可喜进展,但是该行业的监管体制刚刚具备雏形,发展还很缓慢。这种不完善的体制也给外国投资人带来了特殊挑战。本文探讨了页岩气行业的监管发展状况、潜在风险以及投资结构选择方案。 Continue Reading 投资中国页岩气资产前需要了解的知识

By King & Wood Mallesons’ Banking Group

The China Banking Regulatory Commission (“CBRC”) released the newly amended Administrative Measures for Financial Leasing Companies (Order of China Banking Regulatory Commission [2014] No. 3) (the “New Measures“) on March 13, 2014. Comparing with the amended version in 2007 (the “Old Measures”), the New Measures mainly revise the provisions concerning the market-entry requirements, business scope, operation rules, supervision and administration of financial leasing companies. The New Measures came into effect as of the date of promulgation while the Old Measures ceased to be effective on the same day. Continue Reading The New Administrative Measures for Financial Leasing Companies Lower the Market-entry Barriers

By King & Wood Mallesons’ Banking Group

1. Overview

  • On 20 February 2014, the People’s Bank of China (PBOC) issued the Measures Supporting the Expansion of Cross-border Use of Renminbi in the China (Shanghai) Pilot Free Trade Zone (《关于支持中国(上海)自由贸易试验区扩大人民币跨境使用的通知》)(PBOC Notice). The PBOC Notice provides various policy support in relation to the cross-border use of Renminbi (RMB) in the China (Shanghai) Pilot Free Trade Zone (FTZ), including: (1) cross-border RMB settlement for current account and direct investment; (2) individual RMB settlement account; (3) offshore RMB borrowings by FTZ entities; (4) two-way cross-border RMB cash pooling; (5) centralized current account RMB payments and collections; (6)RMB settlement for cross-border e-commerce; and (7) cross-border RMB trading. Continue Reading PBOC Issued Detailed Rules to Expand Cross-border Use of Renminbi in the Shanghai Free Trade Zone

作者:金杜律师事务所银行

2014年3月13日,中国银行业监督管理委员会(“银监会”)公布了经修订完善后的《金融租赁公司管理办法》(中国银行业监督管理委员会令2014年第3号)(“新办法”)。与2007年修订的《金融租赁公司管理办法》(“旧办法”)相比,新办法主要在准入条件、业务范围、经营规则和监督管理等方面进行了修订完善。新办法已于公布之日起正式施行,旧办法同时废止。 Continue Reading 新《金融租赁公司管理办法》放宽金融租赁公司准入门槛

By King & Wood Mallesons’ Healthcare Group

China’s National Health and Family Planning Commission(” NHFPC “) has recently stepped up its efforts to strengthen the administration of healthcare industry with a serial of regulations and actions, with a focus to crack down on and actions, with a focus to crack down on commercial bribery and illegal medical practice. Continue Reading China’s NHFPC Further Strengthening its Scrutiny over Irregularities in the Healthcare Industry

作者:金杜律师事务所医疗事务

中国国家卫生和计划育委员会 (“卫计委”) 近期发布了一系列规定并采取了一系列行动以加强对医疗领域的监管,尤其是在打击商业贿赂和非法行医方面。 Continue Reading 中国卫计委进一步加强对医疗领域违法行为的监管

作者:容润笙 赵恬 金杜律师事务所公司

企业社会责任的概念本身为西方社会发展进化的产物,西方企业在追求利润之余,开始于20世纪30年代开始关注经济效益以外的企业社会效益,通过满足利益相关方的诉求从而达到企业可持续发展的目的。全球化的机遇为发达国家的跨国企业带来了业务的迅速增长,同时他们也面临着不同地域的社会责任挑战。从目前跨国企业在中国的生存情况下,社会责任领域的挑战正迅速升温,为很多跨国企业以及外国投资者带来了不同程度的影响。重新审视跨国企业在中国企业社会责任战略,准确定位中国社会的企业责任诉求将有利于中国社会和跨国企业的平衡发展。 Continue Reading 跨国企业在中国的社会责任浅析

作者:金杜律师事务所银行部

2014 年2 月27 日,最高人民法院发布了《关于审理融资租赁合同纠纷案件适用法律问题的解释》(法释[2014]3 号)(“司法解释”)。新司法解释共5 部分26 条,分别就融资租赁合同的认定及效力、合同的履行和租赁物的公示、合同的解除、违约责任以及涉诉案件的诉讼当事人、诉讼时效等问题作出了规定。新司法解释已于2014 年3 月1 日正式施行,《最高人民法院关于审理融资租赁合同纠纷案件若干问题的规定》(法发[1996]19 号)同时废止。 Continue Reading 最高院发布审理融资租赁合同纠纷案件的新司法解释

作者:金杜律师事务所银行部

一、概述

2014 年 2月 28日, 国家外汇管理局上海分局发布了《 支持中国 (上海 )自由贸易试验区建设外汇管理实施细则 》(以下称 “《外管细则》 “) ,进一步落实了中国 (上海 )自由贸易试验区 (以下称 以下称 “自贸区 “) 外汇管理的相关政策 ,其内容主要包括: (1)  便利经常项目收结汇/购付汇 ;(2) 放宽对融资租赁类公司的外汇监管 ; (3) 简化直接投资外汇登记手续 ; (4) 实行外商投资企业汇 本金意愿结; (5) 放宽对外债权管理;及 (6) 改进跨国公司总部相关外汇管理试点政策等。 Continue Reading 外管局发布支持上海自贸区建设外汇管理实施细则