Singapore Firms Undeterred by Chinese Rule-Book Changes
Singapore Firms Undeterred by Chinese Rule-Book Changes
Singapore-based Morrison Foerster Partner Lip Kian Ang has been featured in an article published by The Business Times, sharing his insights that “policy tightening ‘has been increasingly top of mind for business leaders from across the region’ – especially as regulatory decisions in China ‘would have a greater impact on Singapore’s business sentiment’, compared with policy changes on other markets”.
The article explores the impact the regulatory climate poses to Singapore firms in particular as Chinese authorities continue to tighten its rules across different sectors in the market.
In discussing investor’s climate due to the regulation by the Chinese government, the article draws attention to the following sectors: tuition, online gaming, consumer platforms and real estate. Shanghai-based Morrison Foerster partner, Ruomu Li shares her insights that “foreign entities in these sectors, or activities such as mergers and acquisitions, ‘will face important questions and consideration’ from regulators.”
She also adds, “As legal advisers, we will be keeping a particularly close eye on heightened regulatory interest around data security, anti-monopoly reviews, restrictions on the use of human genetic data and the foreign listings of Chinese companies for our own clients.”
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