close

Newsroom

Looking to invest in Asia? China on the path to attract more foreign investment

16th October 2019

MGI World LehmanBrown and MGI Worldwide logo over stacked coin image

For all those with investment interests in China, on March 15, 2019, China’s National People’s Congress (NPC) passed the Foreign Investment Law (FIL) of the People’s Republic of China. The FIL will take effect from 1 January 2020.

This new law showcases the government’s willingness to deepen reform and open up its economy. It is a modernisation of its old laws to reflect the changing global economy and addresses concerns voiced by international companies operating in China.

The new Foreign Investment Law contains 42 articles under the following six chapters:

  • general provisions
  • investment promotion
  • investment protection
  • investment management
  • legal liability
  • supplementary provisions. 

Dickson Leung, Partner at MGI Worldwide accountancy network member firm LehmanBrown in China said, “The new laws aim to create a level playing field between domestic and multinational companies."

Lehman Brown has prepared a paper entitled "Release of new foreign investment law and its impact."

You can access the full paper HERE.


About LehmanBrown

LehmanBrown International Accountants is a member of MGI Asia with office locations in Beijing, Guangzhou, Hong Kong, Macau, Shanghai, Shenzhen and Tianjin, China. Dickson Leung is a Senior Partner at the firm and also North Asia Circle Leader for MGI in Asia. Dickson has over 24 years of accounting and financial experience in China and the firm has been a member of MGI Worldwide since 2006. 

If you have any questions, please contact MGI Worldwide member Dickson Leung at dleung@lehmanbrown.com.

For further details please visit LehmanBrown International Accountants' member profile page HERE or visit their website HERE.

MGI Asia is part of MGI Worldwide, a top 20 ranked international accounting network with some 5,200 independent auditors, accountants and tax experts in over 260 locations around the world.

Read more on Member white papers and Asia

MGI World Chinese building with text and logo overlay

Country insights: China - Dickson Leung from LehmanBrown, Beijing, looks at recent trends in the China accounting market

31st December 2021

In the latest Country Insight, Dickson Leung, Partner at MGI Worldwide member firm LehmanBrown in...

MGI World MGI Hanmi 518X362

Investment and M&A opportunities in South Korea – MGI Hanmi presents webinar showcasing the many benefits and incentives

16th December 2021

Discussing investment opportunities in South Korea, with a particular focus on the supply chain and...

MGI World Delovoy White Paper Lead

VAT Taxation on E-Services from abroad: regulation of «Google Tax» in Russia in 2021

14th December 2021

Since January 1, 2019, companies that provide electronic (online) services without a permanent...