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In early November, Ant Group’s planned $37-billion blockbuster dual listing in Shanghai and Hong Kong was brought to a halt by financial regulators. In the same day, Chinese regulators also published draft rules to boost the oversight of online micro-lending.
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The Pearl River Delta, with Guangzhou located at its centre, was once dubbed “the world's factory floor”. However, with COVID-19 casting a shadow over the manufacturing industry, the city is beginning to embrace new industries.
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On Aug. 21, a group of WeChat users in the U.S. officially filed a lawsuit against President Trump’s executive order banning the usage of this app from Sept. 20. On Sept. 17, the federal court of San Francisco will hold the first hearing on a preliminary injunction concerning enjoining the government from enforcing the order.
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Chinese investments and contracts in sub-Saharan Africa totalled $299 billion from 2005 to 2018, according to the China Investment Global Tracker, and in 2018, China said a further $60 billion would be invested into African nations. We speak to lawyers about what the hot countries and sectors are, and the challenges that Chinese companies face.
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China recently unveiled a plan for the construction of the Hainan Free Trade Port, which aims to turn the island province into an open, world-class free trade port by the middle of the century. And as a series of reform measures involving customs, taxation and systems are rolled out, law firms are gearing up to service clients taking advantage of Hainan’s new status.
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Chinese apps today face intense scrutiny, if not outright bans, in certain key overseas markets. Lawyers say that the situation demands that they adjust their thinking about how they operate in certain countries, and come up with fresh strategies for the same.
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Tian Yuan Law firm and Commerce & Finance Law Offices have led on two new health sector initial public offerings of Hygeia Healthcare and Hepalink Pharma in Hong Kong. They’ve advised the issuers and joint sponsors respectively in both deals.
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DeHeng Law Offices and Simpson Thacher & Bartlett have advised China vaping device manufacturer Smoore on its $885 million initial public offering in Hong Kong, with Reed Smith Richards Butler, Reed Smith and Zhong Lun Law Firm advising the sole sponsor Citic Securities.
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Paul Hastings and Commerce & Finance Law Offices have advised China Bohai Bank on its $1.78 billion initial public offering in Hong Kong, with Clifford Chance and Haiwen & Partners advising the joint sponsors.
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Anglo-American law firm Bryan Cave Leighton Paisner (BCLP) has recently announced that it will close its Beijing office, making it the third international firm after Stephenson Harwood and Vinson & Elkins to declare its intention to exit the Chinese capital in the past two months.