On 1 November 2024, China implemented the Administrative
Measures on Beneficial Owner Information, jointly issued by
the People's Bank of China (PBOC) and the State Administration
for Market Regulation (SAMR).
These measures aim to enhance market transparency, uphold
financial order, and combat money laundering and terrorist
financing activities, by mandating all companies in China –
including subsidiaries of foreign companies – to disclose
beneficial owner information (BOI) to Chinese authorities.
Scope of Application
The measures apply to all types of entities, including joint
ventures, wholly foreign-owned enterprises, and other types of
companies with foreign investment.
