Doing business in: China
Produced in partnership with Haibin Xue of Zhong Lun Law Firm

The following Commercial practice note produced in partnership with Haibin Xue of Zhong Lun Law Firm provides comprehensive and up to date legal information covering:

  • Doing business in: China
  • Introduction
  • The business environment
  • Economy
  • Politics
  • Legal system
  • Forming a company
  • Pre-establishment
  • Procedure for establishment of a company with foreign investment
  • Post-establishment
  • More...

Doing business in: China

Updated in July 2021

Introduction

The business environment

Forming a company

Financing a company

Opening a bank account

Utilising office space

Immigration controls

Key employment laws

Contracting with third parties

Regulatory compliance

Protecting key assets and employees

Useful links

Introduction

China, officially known as the People’s Republic of China (PRC), is a sovereign state established in 1949 and led by a single political party, the Communist Party of China (CPC). It has a total area of approximately 9.6m sq km and a population of over 1.4 billion. China has 23 provinces, five autonomous regions, two special administrative regions (Hong Kong and Macau), and four administratively-direct-controlled municipalities (Beijing, Shanghai, Tianjin and Chongqing). Beijing is the capital city and Mandarin is the official language.

Through constant economic and political reforms led by the CPC, China has established itself as a country with political stability, economic freedom and legal certainty, making it one of the leading recipients for foreign investments and one of the largest consumer markets. China is the second largest economy in the world and proactively adopts an open policy encouraging global collaboration. As such, it attracts many international companies, regardless of size and nature, eager to tap into and continue to expand their presence in this vital and vibrant market.

The aim of this guide is to highlight some of the key areas that a new business should consider before entering the Chinese market. This guide is

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