News Snapshot:
Beijing’s Securities Regulatory Commission is working on a new policy that could force foreign-owned businesses operating in China to incorporate and answer to Chinese Communist Party (CCP) cells. For years, all Chinese companies (whether public, private, or non-profit) with at least three party members have been strongly encouraged by the government to form such cells. In 2018, Chinese President Xi Jinping announced a policy requiring companies to maintain CCP cells in order to be listed on domestic stock exchanges. Members of CCP cells are responsible for staying up-to-date on approved political theories, recruiting additional party members, reporting illegal activities, providing...
