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2026-08-20From "Formal Compliance" to "Substantive Compliance" – A Shift in Regulatory FocusAgainst a backdrop of geopolitical volatility and fiscal pressure, "substance over form" and "reasonable commercial purpose" have become core principles across tax, accounting and legal regulation. This article traces their historical
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2026-08-20Outbound Investment Series | State Council Decree No. 837 Takes Effect – A Compliance Guide for Technology Transfer in Overseas InvestmentsOn 1 July 2026, the State Council Decree No. 837 (hereinafter "Decree No. 837" or the "Regulations") on outbound investment officially took effect. Article 13 draws a clear red line: investors shall not export or use goods, technologie
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2026-08-20Outbound Investment Series | 1 August Take Effect! Thailand DBD Order No. 2/2569 Brings New Substantive Control Rules – Nominee Shareholding Loopholes for Chinese Investors Are ClosingOn 1 August 2026, Thailand's Department of Business Development (DBD) issued Order No. 2/2569, marking a fundamental shift in foreign investment regulation—from documentary compliance to substantive control and economic substance review. Previously, DBD
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2026-07-02New Policy Focus | An Analysis of the Action Plan for Consolidating, Stabilizing and Optimizing Foreign Investment UtilizationRecently, the Ministry of Commerce (MOFCOM), together with the National Development and Reform Commission (NDRC) and the Ministry of Finance, jointly issued the Action Plan for Consolidating, Stabilizing and Optimizing Foreign Investment Utilization(herei
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2026-06-11Breaking! Effective July 1 – In-depth Interpretation of the State Council's New Overseas Investment Regulations | Series III: After the New Regulations, Which Key Issues Remain Unresolved?The Regulations of the State Council on Outbound Investment(State Council Order No. 837, hereinafter "Order No. 837"), officially announced on June 1, 2026, represents a landmark piece of top-level legislation in the history of China's outbound
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2025-01-08Tax and Finance Series: The Impact of Special Relationships on the Assessed Customs Value of Imported Goods (Part Two)
For cross-border related goods trade within multinational corporate groups, in addition to the tax risks associated with transfer pricing, it is also essential to pay attention to the impact of customs' price review on imported goods. Among these, confirm
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2024-12-30Tax and Finance Series: The Impact of Special Relationships on the Assessed Customs Value of Imported Goods (Part One)
On July 12, 2024, the General Administration of Customs released foreign trade data for the first half of 2024. The relevant data indicates a continuous positive trend in the scale of China's import and export trade. In terms of imports, the first half of
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2024-11-21Foreign Exchange Series | Facilitating the Cross-Border Allocation of Funds for Research Institutions, Ke Huitong is Here!
On October 31, the State Administration of Foreign Exchange (SAFE) announced the expansion of three pilot programs aimed at facilitating cross-border investment in regions including decentralized foreign debt registration to banks, exemption from registra
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2024-10-25China Widens Telecommunications Sector to Foreign Investment in Four Cities
In a significant policy shift, China’s Ministry of Industry and Information Technology (MIIT) has launched a pilot program to further open the country's telecommunications sector to foreign investors. The initiative, announced on October 23 during a worki
