3 Years' Transition Period for Adjustment of Capital Contribution of Existing Companies


On 1 July 2024, the State Counsel promulgated the Provisions of the State Council on Implementation of the Registered Capital Registration Administration System under the Company Law of the People’s Republic of China (the “Provisions”), which entered into effect on the same day of its promulgation, i.e. on 1 July 2024. Please click to read our newsletter with a brief on the major contents of the Provisions.