By Mark Schaub Atticus Zhao King & Wood Mallesons’ Corporate group
On 27 February 2018, Shanghai Municipal Economic Information Commission (SMEIC), Shanghai Municipal Public Security Bureau (SMPSB) and Shanghai Municipal Transportation Commission (SMTC) jointly issued the Shanghai Regulations on Intelligent and Connected Vehicles Road Testing (Trial) (“Shanghai Regulations”)[1].
Continue Reading Shanghai Issues Regulations on Self-driving Cars Road Testing
By Lucy Lu and Ding Wu King&Wood Mallesons’ Labor Group
Recently, the Standing Committee of People’s Congress of Shanghai has approved the Amendment to Shanghai Collective Agreement Regulation (the “Amendment”), which shall become effective on 1 October 2015. This Amendment further improves the clauses regarding the scope for collective negotiation of salary, emphasizes on the effect of superior trade union in the collective negotiation, and stipulates certain punishment on enterprises that refuse to conduct the collective negotiation.
Continue Reading The Interpretation of Amendment to Shanghai Collective Agreement Regulation
By King & Wood Mallesons’ Healthcare Group
On 13 November 2013, Shanghai Municipality released the Provisional Measures on the Administration of Wholly Foreign-Owned Medical Institutions in the China (Shanghai) Pilot Free Trade Zone (hufubanfa [2013] No.63, “Measures”), which provides the requirements and application matters for foreign investors to set up medical institutions in the form of wholly foreign-owned enterprises (“WFOE Medical Institution(s)”) in China (Shanghai) Pilot Free Trade Zone (“FTZ”) with the highlights as follows:
Continue Reading Shanghai Municipality Released the Provisional Measures on the Administration of Wholly Foreign-Owned Medical Institutions in the China (Shanghai) Pilot Free Trade Zone
By Yuan Min, Wang Jianzhao , and Kirby Carder, King & Wood Insurance Department, Beijing Office
Last Sunday during a press conference held during the National People’s Congress, China Insurance Regulatory Commission (CIRC) Chairman Wu Dingfu announced that the CIRC is currently creating its policy for the use of insurance premium funds to invest government subsidized affordable housing projects. He specifically stated that China does not have a legal barrier to insurance companies investing insurance funds in affordable housing projects, and he also said that the CIRC plans making Shanghai the first city where this is possible. However, he cautioned that the main priority in insurance fund investment must still be risk management because any investments must provide a return so that an insurance company’s duty to pay its policyholders claims can be met.Continue Reading The China Insurance Regulatory Commission has Announced that it will Pilot Allowing Insurance Funds to Invested in Affordable Housing Development Projects in Shanghai
The People’s Government of Shanghai Pudong New Area promulgated on June 2, 2009, the Pilot Measures for the Establishment of Foreign-invested Equity Investment Management Enterprises in the Pudong New Area of Shanghai ("Pilot Measures"). The Pilot Measures provide guidance on registration and incorporation of equity investment management companies in Pudong New Area to be established by foreign equity investment capital firm including private equity investment and venture capital.
By Zhang Yi, Partner at King & Wood’s Corporate GroupContinue Reading New Regulation for the Shanghai Pudong New Area Establishment of Foreign-Invested Equity Investment Management Enterprises
A few years ago, it seemed that Shanghai was on the verge of becoming the Asian city of choice for multinationals establishing regional HQs. However, this did not come to pass and it appears that this has caught the attention of the Shanghai Municipal Government…
By Mark Schaub, Partner, King & Wood Shanghai Office, FDI
