COVID-19 Outbreak China Government Response

March 3, 2020
 
On February 10, 2020, the general office of the Ministry of Commerce issued “the Notice of the General Office of the Ministry of Commerce on Actively Responding to COVID-19 and Strengthening the Service for Foreign Invested Enterprises (FIEs) and Investment Promotion”, to ensure the daily operation of FIEs during the COVID-19 epidemic. In early February, the State Market Administration issued “the Announcement of Market Supervision Administration about Adjusting the Working Methods of Reception as part of the Epidemic Prevention and Control Period”. People’s Bank of China, Ministry of Finance, China Securities Regulatory Commission and State Administration of Foreign Exchange issued the "Notice on Further Strengthening Financial Support for the Prevention and Control of the Epidemic Caused by Novel Coronavirus-infected Pneumonia", To further strengthen the ability to handle all registration, loans and other matters during the CODIV-19 outbreak.
 
In this article, we explore the series of PRC government announcements and new policies and evaluate their impact of FIEs.
 
  • Supporting policies for the restoration of normal operations of foreign-invested enterprises
  • Special arrangements for relevant affairs handled by the Market Supervision and Administration
  • Other support policies for FIEs

Topics: Regulatory Updates & News, China, Hong Kong, COVID-19

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