Introduction of the New Draft Foreign Investment Law of China (6 March 2015)

The University of Hong Kong
Asian Institute of International Financial Law
Centre for Chinese Law
RGC Theme-based Research Scheme Project:
“Enhancing Hong Kong’s Future as a Leading International Financial Centre”


Introduction of the New Draft Foreign Investment Law of China

Yilong Du
Executive Director and Senior Counsel
Goldman Sachs

Friday, 6 March 2015
12:30 – 1:30 pm
Academic Conference Room, 11/F Cheng Yu Tung Tower
The University of Hong Kong

This presentation is to introduce the draft law on foreign investment published by the Ministry of Commerce of China on January 19, 2015. The new law proposes to standardize the market entry requirements and procedures for foreign investors, replacing existing requirements for approval of all foreign investments on a case by case basis. This presentation will summarize the main components of the proposed new foreign investment regulatory regime in China and its practical application. In particular, it will analyze the law’s implications on contractually controlled corporate structure, through which many of the Chinese internet companies are listed in the US or Hong Kong. It will also summarize the proposed comments by the legal and financial industry on the new law.

Yilong Du is an executive director and senior counsel of Goldman Sachs based in the Hong Kong office. He has more than 10 years of experiences practicing law with leading Wall Street law firms and Goldman Sachs. His current responsibilities encompass capital markets in Mainland China, Hong Kong and the US, as well as cross-border M&A activities of Chinese companies. He has extensive experiences in securities regulations and corporate matters in the US, Hong Kong and the PRC. Mr. Du has a B.S. from Beijing University School of Math, an L.L.M. from Beijing University Law School and a J.D. from Columbia Law School.

The Seminar will be conducted in English.