Shanghai / Shutterstock.com China to Lure Foreign Law Firms to Shanghai With Cash Handouts
Foreign firms and arbitral institutions are eligible for handouts of up to RMB1 million.
October 14, 2020 at 08:00 AM
3 minute read
China is offering cash handouts to law firms that set up shop in a special free trade zone (FTZ) in Shanghai. The move aims to accelerate the development of a legal services industry in Lingang, a more recent extension of the FTZ, which the Chinese government is determined to build into an international business hub.
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