As China gears up for ISSB’s ESG disclosure standards, sources point to a number of implementation challenges
Sponsored by JunHeJunHe's Joey Lu looks at the impact of new measures for qualified foreign institutional investors in China
Sponsored by JunHeJunHe's Juyi Lu explains recent changes by the the NDRC and Mofcom to liberalise foreign shareholding restrictions in a number of sectors
Sponsored by JunHeIn 2015, the National Development and Reform Commission (NDRC) issued the Circular on Promoting the Reform of the Filing and Registration Regime for Issuance of Foreign Debt by Enterprises, under which, both issuance of bonds and borrowing of mid-and-long term commercial loans overseas by PRC enterprises and/or their offshore subsidiaries and branches (collectively, the debtors) are subject to a prior filing and registration with NDRC (foreign debt filing). Over the past five years, the debtors as applicants encountered a lot of issues with regard to the foreign debt filing due to the ambiguity in definitions, scope and standards thereof. As a result, the NDRC issued detailed application guidance including 25 FAQs and respective answers in February 2020, aiming to make these issues clear.