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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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2024-10-16Landmark Policy Unveiled to Safeguard Internet Data Security
On September 30, 2024, the "Regulations on Internet Data Security Management" (hereinafter referred to as the "Regulations") were officially released. The Regulations aim to balance development with security by not only strengthening t
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2024-07-08Compliance Series | China New Company Law Takes Effect!
On December 29, 2023, the Standing Committee of the 14th National People's Congress passed the revised "Company Law of the People's Republic of China" (hereinafter referred to as the new "Company Law") during its seventh session. Upon
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2024-06-18FDI Series | Attention Multinational Companies in Shanghai: These Development Funds are Available for Application
Shanghai has long encouraged the development of headquarters economies. In February 2024, the Shanghai Municipal Commission of Commerce and the Shanghai Municipal Finance Bureau issued a revised version of the "Management Measures for the Development
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2024-05-27Policy Dispatch | China Further Opens Its Doors to the Global Market
In 2024, the Chinese government has prioritized "expanding high-level opening up" as one of its key objectives in the Government Work Report. Following the introduction of new regulations for cross-border data flows in March and the plan to open
