The business regulatory environment in China is in constant evolution, prompting local administrations to understand, manage, and carry out the new regulations issued at the national and provincial level, a task that can be burdensome due to the complexity of the matters involved. Recently, the Shanghai Municipality issued the «Shanghai Action Plan to Adhere to Benchmark Reform and Continuously Create a World-Class Business Environment», whose main intent is to reach a greater optimization of the business environment in China, so as to attract top-quality domestic and international companies.

As a legal and tax consultancy firm with a solid footprint in Shanghai, CPO & Partners went to visit the Jing’an Administrative Service Center to have a meeting with the district administration on the new policies for investment projects found in the «Shanghai Action Plan».

This represents a precious opportunity for CPO & Partners to make inroads into the local regulatory environment, a task that can sometimes be challenging due to language and cultural differences that can create communication hindrances and reduce the exchange benefits. Moreover, dealing with the district authorities is a good way to network with local offices and understand their functioning, in the belief that only by properly knowing the administrative system one can accurately provide consultation, in order to reach a win-win outcome that is advantageous for both parties.

La costituzione della joint venture 榫桥卯梁Sun Qiao Mao Liang, nata dalla partnership tra CPO & Partners ed esperti locali, dà vita ad una nuova entità con lo scopo di promuovere le relazioni commerciali tra Cina ed Europa, creando un solido ponte tra queste due realtà.

Il nome scelto per questo nuovo progretto è già di per sé una dichiarazione dei principi che andranno a guidare tale partnership. I quattro caratteri cinesi scelti costituiscono l’unione di due distinte parole: 榫卯 e 桥梁. La seconda, qiaoliang, ponte, simboleggia l’unione che la joint venture intende creare tra il mondo del business cinese e quello europeo. La prima, sunmao, la giunzione a mortasa e tenone, incarna un più importante valore simbolico che trova le proprie radici nella secolare storia cinese. Sunmao era una tecnica strutturale impiegata nell’architettura e nei mobili dell’antica Cina, caratterizzata dalla combinazione di una parte concava e una convessa senza l’utilizzo di chiodi. La sua peculiarità non risiede solamente nell’ingegnosità della tecnica, ma soprattutto nella necessità di un perfetto adattamento tra ogni componente. È proprio questo adattamento a conferire solidità e durabilità all’intera struttura, come dimostra la Città Proibita, prezioso esempio di utilizzo del sunmao che senza dubbio è stata in grado di resistere alla prova del tempo.

È con questo spirito che Sun Qiao Mao Liang opererà: stabilire un perfetto e duraturo adattamento tra entità cinesi e straniere, per creare un ponte stabile tra Cina ed Europa, una connessione basata su un terreno solido e capace di resistere alla sfida del tempo.

Per introdurre questa nuova joint venture si terrà il 15 marzo a Suzhou un evento sponsorizzato dalla Camera di Commercio italiana in Cina, Banca Intesa Sanpaolo, Cpo & Partners e Jiashan Hangqike Industrial Park Management Co., Ltd. [verificare il nome], durante il quale verrà inoltre presentata una panoramica sulla situazione degli attuali e futuri rapporti di business tra Cina e Italia.

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.

Fabio Enrico Pessina di CPO & Partners, ha partecipato all’incontro di IMIT, evento di rilevanza nel campo del networking e dello scambio professionale, occasione per uno scambio di idee e esperienze nel mondo dei manager per l’internazionalizzazione.

Si è discusso in particolare del programma formativo 2024 di @IMIT per il 2024, e della normativa EXIMMANAGER.

CPO & Partners rinsalda i legami con il mondo manageriale per supportare i propri clienti nel percorso di internazionalizzazione, con attività di temporary management, controllo di gestione e consulenza aziendale, per rispondere alle esigenze del mercato cinese.