Issue: 2024-09
Following the implementation of the new PRC Company Law on 1 July 2024, the State Administration of Market Regulation (“SAMR”) issued the “Implementation Measures on Management of Company Registration (Draft) (“Draft Measures”) for public consultation. The Draft Measures provided additional guidance on various aspects of company registration in China, including capital contribution and timeline, removal of company personnel information from registration, etc. The Draft Measures apply to foreign-invested enterprises (“FIEs”) as well as local entities.