On October 23rd, 2019, the State Administration of Foreign Exchange (“SAFE”) issued a Circular on Further Promoting the Facilitation of Cross-border Trade and Investment (Hui Fa [2019] No.28) ("Circular 28"). The Circular 28...more
With the ongoing US-China trade tension, what has been easily overlooked is China’s recent liberalization of its legal regime in the areas of foreign investment and foreign investors’ M&A activities in China. This...more