China & Singapore – the latest on Chinese labor law reform, China’s hiring probe to Morgan Stanley and more.
China to Relax the Corporate Registered Capital System and Reform the Annual Inspection Process by James Zimmerman Published on jdsupra.com
The government is moving in a direction to make the corporate formation and supervision process more user-friendly. Two key changes are expected to happen in the near future. The first is the abolishment of the registered capital requirement which has been a source of frustration for foreign investors and especially small-to-medium sized enterprises that seek to capture the market opportunities… [ Read More ]
Chinese Labor Law in Reform: New Restrictions on Dispatched Worker Model by Thomas Bottini , Arthur Cang, Jia You Published on jdsupra.com
Multinational companies’ Chinese subsidiaries, known as foreign invested entities or “FIEs,” have two basic options when hiring employees. They can either hire them directly (“Employment Model”), or they can “lease” them from temporary placement agencies (“Dispatched Model”). Traditionally the Dispatched Model is used by FIEs to lower labor employment risks… [ Read More ]
Exclusive: U.S. expands China hiring probe to Morgan Stanley by ARUNA VISWANATHA and EMILY FLITTER Published on Reuters
The U.S. Justice Department is probing Morgan Stanley for its hiring practices in China as part of an industry-wide investigation by the government into whether banks’ employment of politically connected Chinese breached U.S. bribery laws, according to people familiar with the matter… [ Read More ]
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