Chinese labor laws are relatively strict when it comes to unilateral termination by the employer. This is only permitted for one of several grounds listed in the law.
The latest update to the PRC Criminal Law includes provisions to tackle employees have set up a parallel, competing business; and employees who disadvantage their employer when dealing with “friendly” customers or suppliers.
Besides registered capital and financing through operational payments, a keyway for international investors to finance their Chinese operations is through foreign loans to their subsidiary.
In a recent move, the Ministry of Finance and the State Administration of Taxation have jointly issued two announcements, each designed to reduce the financial load on taxpayers in China.
By Connie Chen and Maarten Roos On 3 August 2023, the Cyberspace Administration of China (CAC) released the Management Measures for Compliance Audits on Personal Information Protection (Draft for Comments). These Compliance Audit Measures, once adopted, will oblige all companies in China that handle personal information (PI), to complete regular audits on whether personal information is processed in accordance with the PRC Personal […]
China has been a prime market for foreign investors seeking opportunities. Investors may now have to take steps to ensure data compliance as per the PIPL.
This Q&A deals with some of the more common questions raised by small-scale data exporters based in China, including many foreign-invested companies in the B2B segment, on the steps that they need to take to remain compliant with PRC laws.
