New Regulations on Non-Bank Payment Systems
On December 17, 2023, the State Council of China promulgated the Regulations on Supervision and Administration of Non-bank Payment Institutions (in Chinese: 非银行支付机构监督管理条例) (“New Regulations”). The formal
Specializing in serving international companies that invest in or trade with China
This website was created by Kent Woo and his team to share insights on China law and practice, and to facilitate and promote business transactions in and with China.
Kent Woo is a practicing lawyer and Partner of one of China’s leading, full-service law firms, and has over 20 years of experience providing legal advice and services to international companies investing in or trading with China.
Kent Woo is qualified to practice law throughout all of China, and the law firm at which he works has a network of offices located all around China, including in the leading economic centers of Shanghai, Beijing, Guangzhou and Shenzhen, as well as an office in the international gateway city of Hong Kong.
On December 17, 2023, the State Council of China promulgated the Regulations on Supervision and Administration of Non-bank Payment Institutions (in Chinese: 非银行支付机构监督管理条例) (“New Regulations”). The formal
In today’s interconnected global business environment, establishing partnerships with Chinese suppliers has become a worthy strategic move for companies worldwide. However, managing commercial relationships with
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