{"id":40806,"date":"2021-06-22T00:42:27","date_gmt":"2021-06-22T00:42:27","guid":{"rendered":"http:\/\/asiallians.com\/zh-hans\/?p=40806"},"modified":"2021-06-22T10:41:06","modified_gmt":"2021-06-22T10:41:06","slug":"fdi-foreign-investors-can-now-open-entertainment-venues-independently","status":"publish","type":"post","link":"https:\/\/asiallians.com\/zh-hans\/fdi-foreign-investors-can-now-open-entertainment-venues-independently\/","title":{"rendered":"FDI: Foreign Investors Can Now Open Entertainment Venues Independently"},"content":{"rendered":"

[vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” padding_top=”50″ css_animation=””][vc_column][vc_column_text]<\/p>\n

Legal News:<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”center” background_image_as_pattern=”without_pattern” padding_top=”50″ padding_bottom=”50″ css_animation=””][vc_column css=”.vc_custom_1517373139965{background-image: url(http:\/\/asiallians.com\/wp-content\/uploads\/2018\/01\/Picture1.png?id=18554) !important;}”][vc_empty_space][vc_column_text]1. FDI: Foreign Investors Can Now Open Entertainment Venues Independently<\/span><\/strong>[\/vc_column_text][vc_empty_space height=”70px”][\/vc_column][\/vc_row][vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css_animation=””][vc_column][vc_column_text]On May 27, 2021, China released a Circular for Adjustment of Opening Entertainment Venues clearly pointing out that foreign investors can now open entertainment venues1<\/a><\/sup>\u00a0in China independently without any restrictions on the proportion of foreign investment. Foreign investors who are interested are requested to file an application at provincial level of Administrative Department of Culture and Tourism for an approval, and all establishment requirements shall be the same as the ones requested from Chinese investors.<\/p>\n

The Circular is a sign that foreign investors can now open a wholly foreign-owned entertainment venue.<\/p>\n

China gradually removed the limits. For example, On November 29, 2020, article 6 of Regulations on the Administration of Entertainment Venues were amended with the following details:[\/vc_column_text][vc_empty_space][vc_single_image image=”40803″ img_size=”full” qode_css_animation=””][vc_empty_space][vc_column_text]The 2020 version used a general wording \u201cin accordance with the law\u201d and did not clearly state whether foreign investors can establish a wholly foreign-invested entertainment venue or not. The Circular now makes it clear.<\/p>\n

(http:\/\/zwgk.mct.gov.cn\/zfxxgkml\/scgl\/202105\/t20210531_924875.html<\/a>)[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”center” background_image_as_pattern=”without_pattern” padding_top=”50″ padding_bottom=”50″ css_animation=””][vc_column css=”.vc_custom_1517373139965{background-image: url(http:\/\/asiallians.com\/wp-content\/uploads\/2018\/01\/Picture1.png?id=18554) !important;}”][vc_empty_space][vc_column_text]2. Products: China Releases New Rules for Cosmetic Labels<\/span><\/strong>[\/vc_column_text][vc_empty_space height=”70px”][\/vc_column][\/vc_row][vc_row row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” css_animation=””][vc_column][vc_column_text]On May 31, 2021, China released Measures for the Administration of Cosmetic Labels which will enter into force as of May 1, 2022. We hereby introduce some major clauses in the new Measures.<\/p>\n

1. Chinese characters<\/strong>\u00a0are mandatorily requested to be put on the cosmetic labels2<\/a><\/sup>
\nPreviously, for certain imported cosmetics, labels were sometimes only in foreign languages. The new Measures clearly ban this situation in the future.<\/p>\n

2. Labels shall be printed on the\u00a0smallest<\/strong>\u00a0sale package3<\/a><\/sup>
\nThis new rule also applies to free trial and small gift of cosmetics.<\/p>\n

3. Medical related terms<\/strong>\u00a0are forbidden4<\/a><\/sup>
\nThe cosmetic labels shall not appear any medical terms, name of any medical celebrities, words describing the effect of medical treatment.<\/p>\n

(https:\/\/www.nmpa.gov.cn\/xxgk\/ggtg\/qtggtg\/20210603171933181.html<\/a>)<\/p>\n

As always, Asiallians remains at your service and our teams are currently mobilized in all our offices in Mainland China, Hong Kong and Taipei.<\/p>\n

 <\/p>\n

1.<\/a>\u00a0According to article 2 of Regulations on the Administration of Entertainment Venues, the “entertainment Venues” as mentioned in the present Regulations refers to the singing, dancing, and game places for profits, which are opened to the general public and for the self-entertainment of consumers.<\/p>\n

2.<\/a>\u00a0Article 6 of the Measures<\/p>\n

3.<\/a>\u00a0Article 5 and article 21 of the Measures<\/p>\n

4.<\/a>\u00a0Article 19 of the Measures<\/p>\n

 <\/p>\n

\n

Feel free to contact asiallians@asiallians.com<\/strong><\/a> for more information.<\/p>\n

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On November 11th, 2015, the sales volume of Taobao (a B2C platform owned by Alibaba Group) reached CNY 91.2 billion (around 14 billion USD), with around 680 million online deals completed and the packages delivered all across the country.<\/p>\n","protected":false},"author":5,"featured_media":23743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[173],"tags":[],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n\t\n\t\n