On January 26th, CPO & Partners had the privilege of engaging in a series of productive meetings with government officials in Jiaxing, China. The discussions centered on the diverse investment opportunities available in the region, highlighting Jiaxing’s commitment to fostering a conducive environment in Jiaxing for international business collaborations.

The visit was further enriched by an immersive experience in Science City, a hub of innovation and technology that exemplifies the forward-thinking ethos of Jiaxing. Additionally, we had the opportunity to visit CEBI, a renowned company in the automotive sector, which stands as a testament to the robust industrial capabilities and business-friendly policies in place.

These encounters underline the potential for fruitful partnerships and investments in Jiaxing, reinforcing CPO & Partners’ commitment to facilitating cross-border connections with industrial parks, with the project for year 2024 to create an investment platform for foreign companies that could be guided in the difficult interpretation of rules and choice of the most proper location for their investments. We remain dedicated to exploring avenues that benefit our clients and contribute to the economic development of the regions in which we operate.

CPO & Partners Shanghai Office Holiday Closure Announcement

CPO & Partners Shanghai will observe the Chinese New Year Holiday from February 10th to February 17th, 2024.

With the entry into force of the new Chinese Company Law on December 29, 2023, an important change has been introduced to the regulation of limited liability companies regarding the registered Capital. Specifically, companies established after the enforcement of the new Company Law (July 1, 2024) must pay their share capital within 5 years from the date of establishment. In detail:

– Article 47 states that for companies formed after the new regulation’s entry into force, the registered capital must be fully paid within five years from the date of incorporation. It should be noted that this requirement significantly changes the current situation by imposing a deadline for the full payment of the registered capital, which previously was not present.

– Article 266 essentially provides that companies established before the current law’s enforcement should bring their capital contributions within the provisions and rationale of the new regulation according to specific implementations rules that will be issued by the State Council.

In other words, for the already established companies, there is no peremptory deadline for the payment of Capital, and likely, in the course of the next five years, there will be additional provisions to regulate when and if the 5-year term should be applied.

Our team of professionals is available to assist you in interpreting and assure compliance to new regulations.