May 31 2019

Shanghai Adopts Resolution to Implement Foreign Investment Law

The Standing Committee of Shanghai Municipal People's Congress voted on May 23, 2019 to adopt the Decision of Implementing the Foreign Investment Law.

Ding Wei, director of legal affairs at the Standing Committee of Shanghai Municipal People's Congress, said the decision the first of its kind in China to implement the Foreign Investment Law, and it aims to ensure smooth enforcement of the law in Shanghai and support and authorize the municipal government to take positive and effective actions under the framework of the law. The decision has six articles, and the second article is about how to deal with inconsistencies between the city's local regulations and the national law.