China's new foreign investment law: the impact on financial institutions

Much has already been written about the foreign investment law (in-house English translation available upon request) which was voted into law by China's highest legislative body, the National People's Congress of the People's Republic of China, on 15 March 2019.

The foreign investment law will take effect from 1 January 2020, and the existing legislation that has formed the backbone of foreign direct investment regulation in China since the 1980s (currently scattered over three laws) will be repealed on the same day. This note will focus on the impact of the foreign investment law on foreign funded financial institutions and related developments.

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