China Promulgates its New Foreign Investment Law

20 Mar 2019 ChinaWatch

On 15 March 2019, the National People's Congress of the People's Republic of China ("PRC") promulgated the new PRC Foreign Investment Law ("FIL"). When the new 2019 FIL comes into force on 1 January 2020, it will repeal the PRC Wholly Foreign Owned Enterprise Law, PRC Sino-foreign Equity Joint Venture Law and PRC Sino-foreign Contractual Joint Venture Law (which are currently the laws applicable to foreign investments in PRC).

This Update sets out a short summary of the salient terms of the new FIL.

If you would like information and/or assistance on the above or any other area of law, you may wish to contact the partner at WongPartnership that you normally deal with or any of the following partners:

Joseph HE
Head – China Practice
d +65 6416 8218
Click here to see Joseph’s CV.

Gerry GAN
Partner – China Practice
d +65 6416 8006
Click here to see Gerry’s CV.

Partner – China Practice
d +86 21 3306 4990
Click here to see Miao’s CV.

Weitan LIANG
Partner – China Practice
d +65 6416 2556
Click here to see Weitan’s CV.