ZHOU Yanghui,Yu Dan,Chen Jun The Opening-up of the PRC insurance market has been accelerated during the recent two years. Since the release of the Notice of the State Council on Several Measures for Opening Wider to the Outside World and Making Active Use of Foreign Investment on January 1st, 2017, the China Banking and Insurance Regulatory Commission (“CBIRC”, including the former China Insurance Regulatory Commission (“CIRC”)) has issued several provisions and guidance to further attract foreign…

Zhan Hao, Song Ying, Stephanie Wu, Lv Hongjie China’s competition watchdog SAMR made a penalty decision, adopted by its Shanghai branch Shanghai Market Regulation Bureau (“SMRB”), publicized on its official website[1] on April 29, 2019, right before the International Labor Day holiday. This decision is addressed to Eastman (China) Investment Management Co., Ltd. (“Eastman China”), a Chinese subsidiary of the US Chemical firm Eastman Chemical Company, for restricting transactions by abusing its dominant market…

He Jing/Jerry Xia On March 18, 2019, China announced amendments of its joint venture law and the Regulations on Administration of Technology Import and Export (TIER) with immediate effect. The changes in nature took away some of the restrictions around cross border technology transfers, delivering more freedom of contract for future transactions. The announcement has attracted lots of attention from around the world as the rules are directly related to some of the claims in…

Bo Hu, Partner On March 15, 2019, China’s national legislature, the National People’s Congress passed the Foreign Investment Law (the “Law”), a landmark legislation that will provide stronger protection and a better business environment for foreign investors. The Law will take effective on January 1,2020. Upon its effectiveness, the Law will replace China’s current foreign investment regimes, i.e, the existing three laws on Chinese-foreign equity joint venture, the Chinese-foreign contractual joint venture and wholly foreign-owned…

Concurrences in partnership with NYU Stern will hold the fourth annual Global Antitrust Economics Conference on Friday, May 31 2019 from 8:30 am to 5:00 pm at NYU Stern School of Business. The Global Antitrust Economics Conference is organized by Concurrences Review in collaboration with New York University Stern School of Business. So far, the conference has been held for three consecutive sessions. This annual global antitrust economics conference is a one-day conference, which combines the global…

Bo Hu On March 15, 2019, China’s national legislature, the National People’s Congress passed the Foreign Investment Law (the “Law”), a landmark legislation that will provide stronger protection and a better business environment for foreign investors. The Law will take effective on January 1, 2020. Upon its effectiveness, the Law will replace China’s current foreign investment regimes, i.e, the existing three laws on Chinese-foreign equity joint venture, the Chinese-foreign contractual joint venture and wholly foreign-owned…

Ren Gulong and Yang Anshu With the further opening-up of China’s financial market and the continuous progress of the internationalization of Renminbi in recent years, more and more foreign entities choose to issue renminbi-dominated bonds in mainland China (for the purpose of this article, excluding Hong Kong, Taiwan and Macao). In accordance with international practice, renminbi-denominated bonds issued in China by foreign organizations was named as “Panda Bonds”. China’s onshore bond markets comprises the interbank…