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By: AnJie Law Firm

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Zhan Hao
AnJie Law Firm

Latest from China Law Vision

Ren Gulong and Zhang Jiaqi NPL MARKET IN CHINA As China’s economic growth slows down, non-performing loans (“NPLs”) continues to rise. According to the regulatory indicators released by the China Banking and Insurance Regulatory Commission (“CBRC”), the balance of commercial banks’ NPLs reached RMB 2.03 trillion by the end of the third quarter of 2018. CBRC urges Chinese banks to make greater efforts to manage and dispose of their NPLs. As a matter of fact, supportive…
Ren Gulong and Yang Anshu In early December 2018, UBS AG increased its shareholding in its PRC subsidiary, UBS Security Co., Limited (“UBS China”), to 51%, making UBS China the first securities firm in China controlled by a foreign entity. This is an important event in the financial market and UBS AG certainly takes the advantage of China’s new measures to open up its financial market. Measures of financial opening-up were provided in the government work…
Arthur Dong and Darren Mayberry Eventually, civic life requires everyone to produce documents for inspection and approval. As individuals, we need to submit documents in connection with a new bank account, health insurance, job applications, enrollment into an institution of higher learning, occupational licensing, and evaluation for loans. Companies and organizations may have even more occasions and demands placed on them to produce documents. Even so, parties often resist the production of documents while in…
Arthur Dong and Darren Mayberry Machiavelli infamously instructs his Prince that “one ought to be both feared and loved, but as it is difficult for the two to go together, it is much safer to be feared than loved.”[1] Machiavelli ultimately wanted several disputes resolved, and Renaissance Italy thereby united. The Prague Rules pertain to a modern form of dispute resolution directed at far more tractable commercial disputes. It offers methods to run an arbitration…
Gulong Ren The fourth edition of The Lending and Secured Finance Review has been released by the Law Reviews recently, which contains contributions from leading practitioners in 25 different jurisdictions. Each of the contributors has shared their expertise on the developments in the corporate lending and secured finance markets in their respective jurisdictions and on the challenges and opportunities facing market participants. It will be a useful source for practitioners and other readers. Gulong Ren,…
Michael Gu and Charles Xiang Introduction On 20 July 2018 the State Administration for Market Regulation (SAMR) published a decision fining two Shenzhen tally companies a total of Rmb3,163,108 for entering into a horizontal monopoly agreement[1]. According to the decision, China United Tally Shenzhen and China Ocean Shipping Tally Shenzhen reached and implemented an agreement to divide sales and service areas for the tallying market in the western area of the Port of…
Authored by ZHAN Hao (zhanhao@anjielaw.com), SONG Ying (songying@anjielaw.com) & Stephanie WU (wuyuanyuan@anjielaw.com) at AnJie Law Firm. On August 9 2018, the finalised China’s three-pronged plan for consolidating its antitrust agencies under the State Administration for Market Regulation (SAMR) is released. This initiative has been anticipated and speculated on since the central government’s release of its structural reform plan on 21 March 2018. According to the government’s plan, the three-pronged plan should have been released on…
Authored by Michael Gu (michaelgu@anjielaw.com) & Sun Sihui (sunsihui@anjielaw.com) at AnJie Law Firm. In 2017 the National Development and Reform Commission (NDRC) undertook a number of legislative and antitrust enforcement activities. It launched more than 80 investigations into enterprises and administrative agencies and imposed more than Rmb500 million in fines – a steady increase compared with Rmb353.1 million in 2016. Read More……
Authored by Zhan Hao (zhanhao@anjielaw.com) ，Stephanie Wu ( wuyuanyuan@anjielaw.com) and Song Ying (songying@anjielaw.com) at AnJie Law Firm. The concept of “shifting alliances” is derived from EU competition law. According to paragraph 80 of the Commission Consolidated Jurisdictional Notice under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2008/C 95/01) (the “Notice”), Where there is no stable majority in the decision-making procedure and the majority can on each occasion be any of…
Authored byZhan Hao (zhanhao@anjielaw.com) ，Stephanie Wu ( wuyuanyuan@anjielaw.com) and Song Ying (songying@anjielaw.com) at AnJie Law Firm. In around ten years of China’s Anti-Monopoly Law (“AML”) enforcement history, there have seen a number of public enforcement cases associated with collective boycott among competitors (see Table 1).   Both the National Development and Reform Commission (NDRC) and the State Administration for Industry and Commerce (SAIC) and/or their competent subsidiaries investigated collective boycott among competitors and issued infringement decisions,…