Blog Z&amp;H Law Firm Shanghai (www.zhaochenlaw.com)

The latest improvement in Mainland and Hong-Kong relations was an announcement by the “China Securities Regulatory Commission” and the “Securities and Futures Commission of Hong Kong” to approve the initiation of the “Pilot Mechanism for Mutual Connection...

At the end of April, the Chinese government approved changes to the Environment Protection Law of the People's Republic of China, for the first time in 25 years. The new version of this law will come into force on the 1st of January 2015. The firsts aftermaths...

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China Compulsory Certification

Published on May 23 2014

The China Compulsory Certification (CCC) is a Chinese system of product safety accreditation. It is compulsory for some 159 product types in 23 categories. For this products or categories, the rules say that the products must have the certification mark...

The Ministry of Commerce (MOFCOM) released new Guiding Opinions concerning the “Simplified Merger Review Procedure”, aiming at accelerating the review process. Although the provisions are still not very clear on the procedural issues, they set out the...

At the end of April, the Ministry of Finance and State Administration of Taxation jointly issued a circular that confirmed the replacement of the Business Tax (BT) by the Value-Added Tax (VAT) in the telecommunications sector. This transition has very...

The environmental pollution situation in China is now calling for severe penalties for heavily polluting companies. The solution that the Chinese authorities seem to be looking at is the “per day fine” system. First, let us have a look at what the “per...

To set up a retail store in China, foreign investors must first, or concurrently, register a foreign-invested commercial enterprise (FICE). To do so, regulations require first that the applicant has a good reputation; has not committed any acts in violation...

The Shanghai Stock Exchange Center published the new standards to meet the financing needs of small and medium enterprises (SMEs). These standards are related to the listing on the OTC market, which was created to help the development of these enterprises....

In March, the authorities initiated a Pilot project for the Pudong area in Shanghai, the “One Window Service”, concerning the Establishment and Change of Registration of Foreign Invested Enterprises (FIEs). This initiative applies to FIEs in the “encouraged”...

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Due diligence outlines

Published on April 22 2014

For a merger and acquisition operation (M&A), the due diligence process is one of the most important parts, if not the most important. In the timeline of an M&A operation, this step comes after the signing of the letter of intent, and should be conducted...