Chinese New Year, also known as the Spring Festival, is the first day of Chinese lunar calendar. The tradition of celebrating this Festival is very ancient and rooted in the Neolithic age, more than 4000 years ago. The legend has it that the “Year” was a monster afraid of the color red, as well as that of fire and explosions. Therefore, during the Spring Festival, every family decorates their house with red ornaments, such as red couplets, lanterns and even new clothes and sets off firecrackers in order to keep the monster away and to pray for good luck and health. The night before the Chinese New Year Day is known as “the reunion night”: all the family members reunite around the table to make dumplings. As the tradition requires, the dumplings are prepared starting from kneading the dough. Indeed, in the Chinese language, dumplings are called “huo mian”, because “huo” means “combine”. In the Chinese language, the word dumpling is also homophonic with “jiao”, which means “join”; therefore, the two words “huo” and “jiao” mean people getting together, that’s why Chinese citizens use dumplings to symbolize reunion. People usually go to visit their relatives and friends at the beginning of the Chinese New Year’s holiday season: the old tradition of blessing each other for happiness for the upcoming year is still kept on to this day, thanks to the Chinese people who strongly carry it out.
DP Group wishes all friends a Happy Chinese New Year!
Provisions of the New Company Law on the Dismissal and Resignation of Directors China’s new Company Law, which will come into effect on July 1, 2024, creates the following systems for the dismissal and resignation of directors: first, the shareholders’ meeting may resolve to dismiss a director, but if a director is dismissed before the
The new Company Law was amended and passed on December 29, 2023, and will come into effect on July 1, 2024. The new law shortens the deadline for subscribed capital contributions, allowing companies to adjust their registered capital according to their operational conditions. This article starts by focusing on the key provisions of the new
On March 22, 2024, the Cyberspace Administration of China officially announced the Regulations on Facilitating and Regulating Cross-border Data Flow (“Regulations”) and took effect upon the date of announcement. According to the previous regulatory requirements for data outbound transfer, there are three main methods for data outbound transfer: security assessment, standard contract, and protection certification.
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