eehills to offer legal services in Shanghai Pilot Free Trade
United Kingdom-based Herbert Smith Freehills said on Wednesday that it has be 阿拉爱上海女神会所
come the sixth international law firm to be given approval to operate in the Shan
ghai Pilot Free Trade Zone after joining hands with Shanghai-based Kewei Law Firm.
阿拉爱上海女神会所As part of the joint operations, the two law firms will provide legal advisory services to int
ernational and Chinese companies in sectors like cross-border mergers and acquisitions, corporate affa
irs, banking and finance, disputes, competition, capital market and financial regulation. 阿拉爱上海
In December 2014, the Shanghai Municipal Bureau of Justice released two regulations whic
阿拉爱上海h gave the green light to the joint operations model. Under this, a foreign law firm and a Chinese law firm can
send their lawyers to each other’s offices as legal consultants. Such a business model is only allowed within the Sh
anghai FTZ at present, and at least one law firm should be geographically operating in the FTZ.
Based on the current regulations in China, the representative offices 阿拉爱上海女神会所
of foreign law firms can only provide information explaining the influence of th
e Chinese legal environment. They are not allowed to provide judicial interpretations in the country.
阿拉爱上海May Tai, managing partner of Herbert Smith Freehills in China, said th
e joint operations model will allow Kewei to undertake legal work for Herbert Smith Fr
eehills within the permitted business boundaries for foreign law firms in China. 阿拉爱上海女神会所
The current joint operation is not the first of its kind for Herbert Sm
ith Freehills. The London-headquartered law firm has also been working with H
iswara Bunjamin and Tandjung in Indonesia in a similar fashion for the last 15 years.
President’s message calls for tackling legal, security, governance challenges
President Xi Jinping called on Sunday for strengthened cooperation among countries to explo
re opportunities of digital, internet-based intelligent development and to properly address le
gal, security and governance challenges arising from big data industry development.
He made the remarks in a congratulatory letter to the China Internati
onal Big Data Industry Expo 2019, which kicked off in Guiyang, Guizhou province.
The new generation of information technology, represented by the internet, big data an
d artificial intelligence, is booming at present and has significant and profound influence on various cou
ntries’ economic development, social progress and people’s lives, Xi said in the letter.
Young people shall work hard in learning the Marxist stance, viewpoints and methods,
mastering scientific and cultural knowledge and professional skills, and improving their humanistic quality.
Fine morality of young people called for
Chinese youth of the new era should be grateful to the Party, the country, the society and the people.
Young people shall nurture and practise core socialist values, and guard against wrong id
eas such as money worship, hedonism, extreme individualism and historical nihilism.
Nurturing young generation is whole Party’s political responsibility
Communist Party of China should shoulder the political responsibility of nurturing
a new generation of capable young people who have a good and all-round moral, intellectual, physical, and aesth
etical grounding in addition to a hardworking spirit, and who are well-prepared to join the socialist cause.
We should listen to young people’s views on social issues and phenome
na, as well as their opinions and advices on the work of the Party and the government.
Under a pilot scheme, the first group of six provinces and cities sold 6.8 billion yuan in bonds
at commercial bank counters to individual buyers between March 22 and early April.
The coupon rates are between 3.01 percent and 3.33 percent, higher than treasury b
onds issued by the central government as well as bank deposits with the same maturity.
Gross local bond issuances hit 1.18 trillion yuan in the first qua
rter, compared with only 219.5 billion yuan in the same period last year.
The total quota for 2019 local government bond issuances is 3.08 trillion yuan, according to the Ministry of Finance.
“About 60 percent of the bonds were issued for ongoing construction, especially
for shantytown renovation projects, railways and roads,” said Hao Lei, head of the ministry’s Budget Department.
While debt financing continues to grow, the government is experiencing sharp declin
es in fiscal revenue growth, especially from tax and land sales, official data showed.
Croatia, April 13 — China and the Central and Eastern European Count
ries (CEECs) on Friday agreed to enhance connectivity to achieve more development.
The agreement was part of the Dubrovnik Guidelines for Cooperation between China and t
he CEECs, which was released after the eighth China-CEEC leaders’ meeting in the Croatian city of Dubrovnik.
According to the guidelines, China and the CEECs are willing to pro
mote railway projects cooperation in line with respective laws and regulations and through
consultations, in particular by strengthening exchanges and cooperation on railway planning, railway organiza
tion development, management, technology development, logistics and freight terminal construction.
China and the CEECs will jointly explore utilization and construction of logistics hubs, said the guidelines, adding that China is
welcome to participate in joint development of new freight lines in connecting markets in Asia and Europe, u
nder the understanding that it respects the principles of transparency and non-discrimination.