On December 29, 2023, the National People’s Congress, amended the Criminal Law. These amendments, which will take effect on March 1, primarily focus on addressing bribery and corruption within private enterprises.
China's Company Law underwent significant amendments, effective July 1, 2024. These changes bring about crucial shifts in corporate governance, registered capital contribution, and equity structures.
On 28 September 2023, the Cyberspace Administration of China (“CAC”) released the draft of Provisions on Regulating and Facilitating Cross-Border Data Transfers. Having already received feedback from key experts and industry leaders, the draft is seeking public comments till 15 October 2023.
Shanghai Entry-Exit Administration Bureau released new criteria for Permanent Residence application that allows expats who hold a PhD degree and are currently employed in Shanghai to apply.