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The Foreign Investment Law of the People's Republic of China (hereinafter referred to as the “Foreign Investment Law”) came into force on January 1, 2020, replacing the Law of the People's Republic of China on Chinese-foreign Equity Joint Ventures, the Law of the People's Republic of China on Wholly Foreign-Owned Enterprises, and the Law of the People's Republic of China on Chinese-foreign Cooperative Joint Ventures (hereinafter collectively referred to as the "Three Investment Laws"). The Foreign Investment Law requires foreign-invested enterprises to align their organizational forms, structures, and behavioral norms with the provisions of the Company Law of the People's Republic of China (hereinafter referred to as the "Company Law"). |