China is India’s Largest Trading Partner:
China and India have been trading goods for centuries including along the historical “Silk Route”. According to Government of India statistics, China – India bilateral trade reached an all time high in 2018 to reach US$85 billion. The two countries have set a target of US$100 billion in bilateral trade.
By Richard Mazzochi, Minny Siu and Urszula McCormack King & Wood Mallesons’ Hong Kong office.
On 6 February 2018, the Hong Kong Monetary Authority (“HKMA”) published a revised Guideline on Authorization of Virtual Banks (“Guideline”). The Guideline sets out principles that the HKMA will consider when deciding whether to authorise virtual banks to conduct banking business in Hong Kong.
Continue Reading Virtual banking in Hong Kong and China
By Xiaodan Xu and Xiu Pei King & Wood Mallesons’ Commercial & Regulatory Group
Trade unions always play a critical role in reconciling employment relationship in China, however, and enterprises often could not get to the nitty-gritty when it comes to trade union related problems due to their complexity. In order to give you a
By Jeffrey Thurnau ( Assistant General Counsel for IP, Gates Corporation, USA) & Mia Qu (Partner, King & Wood Mallesons, Shanghai, PRC)
The intellectual property rights (IPR) protection of China has become a worldwide hot topic. China, as a manufacturing giant, will inevitably become a country with a large number of intellectual property related disputes related to manufacturing in transnational corporations (TNCs). Patent litigation is increasingly common in China. According to recent statistics, the number of intellectual property litigation cases in 2014 is about 133863, among which the number of patent litigation cases is about 10187. The authors of this paper participated in a patent litigation case in China through judgment as the Defendant and directly experienced patent litigation’s procedure and features in China. This paper intends to share with readers the authors’ observations and insights based on their personal experiences and will perhaps serve to address some of the concerns associated with patent litigation in China. This paper also provides some comparisons with United States (“U.S.”) practice.
Continue Reading Experience: A Patent Infringement Litigation in China
By Chen Bing, Edwina Kwan and Charmaine Lam. King & Wood Mallesons
Food safety has been high on the agenda for Chinese consumers for a number of years now following a spate of high profile food scandals where huge numbers of Chinese consumers have fallen ill and even died due to tainted food products.
By King & Wood Mallesons
As China’s e-commerce industry continues to surge, authorities have clarified their regulatory stance on online advertising practices and the online sale of food products. These changes continue the trend towards greater regulation of e-commerce in China, following the introduction of tax changes earlier this year and the announced “Positive List”
By King & Wood Mallesons
In the past 12 months, our growth in China and in other major centres around the world has allowed us to witness a substantial increase in the ease of doing business with Chinese investors. We have seen regulatory controls and red tape have reduced significantly, there has been more competition
By King & Wood Mallesons
As part of our Chinese Outbound Investment publication, we make a number of predictions on the future of China’s offshore investment. Aside from further deregulation which will substantially increase the ease of doing business, we predict the following trends.
By Mark Schaub and Chen Bing, King & Wood Mallesons’ Corporate & Securities Group
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ina cross border e-commerce has grown by leaps and bounds in the last 2 years since the PRC authorities encouraged the use of bonded zones. Some commentators have suggested the value of the business may have exceeded USD 3 trillion in 2015. The effects have not been limited to China as many international companies have seen their share price rise exponentially on the basis of the China e-commerce phenomenon. Cross border e-commerce moved from being a possible avenue to sell to the China consumer to THE only way to sell to China.
Just as everything was going so well, suddenly major concerns surfaced about the very future of cross border e-commerce in China. These concerns were due to a raft of regulations that were issued in April 2016 by a number of Chinese regulators including Ministry of Finance (“MOF”), General Administration of Customs, State Administration of Taxation, Food and Drug Administration (“CFDA”), Ministry of Commerce, General Administration of Quality Supervision, Inspection and Quarantine.
Continue Reading “Keep Calm and Carry On”: Keeping up with China’s changing rules for cross-border e-commerce
By Xuhua Huang and Ying Xu King & Wood Mallesons’ Singapore Office
T
he third China-Singapore government-to-government cooperation project, China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity (“Connectivity Project”) has recently commenced, aiming to promote the “connectivity” between these two countries in the areas of financial services, aviation, transport & logistics and information &
