Publication
Keeping your dawn raid guidance current
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
Global | Publication | April 2018
On April 17, 2018, the National Development and Reform Commission (NDRC) announced at a press conference that a new negative list for foreign investment is being formulated and is expected to be published in the first half of this year. The new negative list will lift up restrictions on foreign investment in the automobile manufacturing industry within 5 years, and in the aviation and shipbuilding manufacturing sectors before the end of this year.
This entire sector will be opened by 2022, subject to the following timetable:
The 50 per cent foreign shareholding limit will be removed:
The restriction on setting up no more than two joint ventures for producing the same type of vehicles by one foreign investor will also be removed under the same timetable.
Within 2018, the foreign shareholding restrictions for the following business will be removed:
Within 2018, the requirement for Chinese parties to control the joint ventures for designing, manufacturing and repairing ships will cease.
Publication
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
Publication
On 26 July 2024, the People’s Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE) jointly released revised rules in respect of the investments into China’s financial market through the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor (collectively, QFII) regime (the New Rules).
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