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2026-01-09Foreign Exchange Series | How to Repatriate Funds After H-Share ReductionRecent H-share market activities have shown significant characteristics of phased share reductions, coupled with the ongoing deepening of the H-share "full circulation" reform. As a result, the foreign exchange registration process during share
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2025-10-18How to Distribute Profits to Overseas Shareholders? — Key Steps and Compliance Guide for Profit Remittance by Foreign-Invested EnterprisesFor Foreign-Invested Enterprises (FIEs), legally and compliantly remitting profits earned in China as dividends to overseas shareholders is a crucial operational process. This involves not only the effective distribution of profits but also meeting regula
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2025-10-18Foreign Investment Series | Is MOFCOM Approval for "Connected M&A" Under Circular 10 Becoming History? Multiple HK/US Listed Cases Practice the "One-Step" Approach!For companies seeking overseas listings, building a red-chip structure once faced a major hurdle — Article 11 of the so-called "Circular 10" promulgated in 2006 (revised in 2009). The requirement for MOFCOM approval for "connected mergers a
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2025-09-18Foreign Investment Series | A Comprehensive Analysis of the Common "Domestic-funded to Foreign-funded" Transformation in Domestic Secretarial ServicesIn the provision of secretarial services for domestic enterprises, one common type of business involves the transformation of a domestic-funded company into a foreign-funded company. This transformation generally falls into two scenarios: equity transfer
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2024-01-12Stay Informed | New Process for Social Security Contribution Declaration and Payment
Recently, the Beijing Municipal Government issued a groundbreaking "Announcement on Optimizing and Adjusting the Process of Social Insurance Contribution Declaration and Payment" (referred to as the "Optimization Announcement"). Effect
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2024-01-03Offshore Series | Starting December 27th, Hong Kong Companies to Adopt "Unique Business Identification Code"
According to an announcement from the Hong Kong Companies Registry, starting from December 27, 2023, Hong Kong companies will utilize the Business Registration Number (BR) as the "Unique Business Identification Code" for different entities. In o
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2023-10-30Private Equity Fund KYC Interpretation
KYC/AML has been a topic that has left many of us hesitating in recent years. Broadly speaking, KYC is a part of AML, and almost any dealings with formal financial institutions require KYC. But why do KYC, when to do KYC, and how to do KYC? These are the
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2023-09-11Simplifying Share Handling in BVI Companies: Surrender of Shares vs. Redemption
As one of the world's premier offshore financial centers, the British Virgin Islands (BVI) stands out as a leading jurisdiction for offshore entity registrations in global business activities. BVI companies are favored by investors for their flexible stru