The National People’s Congress (NPC) passed the landmark Foreign Investment Law (FIL) on March 15, 2019 amid ongoing US-China trade negotiations. Unlike the normal yearlong timeline, the legislative process was atypycially streamlined into a three-month period. One of the hottest topics of Lianghui, the new law will certainly have major ramifications for all foreign businesses in China.
The newly passed Foreign Investment Law aims to addresses some of the biggest challenges for foreign businesses in China, such as technology transfer, intellectual property rights protection and equal procurement opportunities for domestic and foreign businesses.
The new law, with 41 provisions, will be followed by detailed lower-level regulations and guidance. Uncertainties remain in areas such as, the role of local government, the exact definition of “equal treatment” for Chinese and foreign businesses, and how the negative list of prohibited or restricted business activities will be implemented. The foreign business community also raised concerns over the FIL’s fast-tracked legislative process.
The European Chamber is delighted to welcome Ying Yu, Government and Regulatory Affairs Partner, KPMG and John Shi, Partner, Bird & Bird to address some of the most pressing questions regarding the Foreign Investment Law.
See here for the European Chamber’s stance on the draft Foreign Investment Law and its final version.
Agenda
15:00–15:30 Registration
15:30–15:35 Welcome remarks by European Chamber representative
15:35–16:05 Interpreting China's New Foreign Investment Law: Open questions and likely developments that foreign investors need to know, John Shi, Partner, Bird & Bird
16:05–16:35 Presentation by Yu Ying, Government & Regulatory Affairs Partner, KPMG
16:35–17:05 Discussion and Q&A, moderated by Jacob Gunter, Policy & Communications Coordinator, European Chamber
Views expressed at this event should not necessarily be considered as representing the position of the European Union Chamber of Commerce in China
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