China’s Foreign Ownership Restrictions and the VIE Structure
Foreign investment in the People’s Republic of China (the “PRC”) is either restricted or prohibited in several industries such as the telecommunications industry, which includes most internet focused businesses. The primary regulation with respect to...
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China’s New Foreign Investment Law
On March 15, 2019, the National People’s Congress (the “NPC”) of the People’s Republic of China (the “PRC” or “China”) passed the Foreign Investment Law (the “New FIL”). Before the New FIL’s passage, China’s government...
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