Foreign Investment Law - key points that all foreign investors should know
On January 1, 2020, the new Foreign Investment Law of the People’s Republic of China went into effect. This represents a new era for China’s legal framework surrounding foreign investment. The new FIL replaces the Law on Wholly Foreign-Owned Enterprises, the Law on Sino-Foreign Equity Joint Ventures, and the Law on Sino-Foreign Cooperative Joint Ventures (the three previous foreign investment laws). The FIL will apply uniformly across all foreign investment in China. This lists some of the key aspects of the new law, and the differences with the previous legislation.