Other BriefingsChina Announces Industrial Equipment Upgrading Action Plan
China announced an ambitious action plan for industrial equipment upgrading, which aims to drive technological innovation and economic growth through extensive investment and regulatory support. We highlight the key details and takeaways from the plan.
China's Machine Tool Industry: Market Trends and Opportunities
China's machine tool industry, with a market value surpassing RMB 200 billion (approximately US$27.86 billion), heavily depends on foreign imports, creating diverse opportunities for global collaboration and investment, bolstered by substantial government incentives.
China Unveils New Guidelines on Optimized Payment Services for Foreigners: An Overview
To optimize payment experiences for foreign visitors and businesses in China, the People’s Bank of China has recently released a set of guidelines detailing the payment methods currently accessible to foreign nationals across the mainland.
Hong Kong Launches a New Capital Investment Entrant Scheme
Launched in March 2024, the New Capital Investment Entrant Scheme (New CIES) makes investing in Hong Kong easier for eligible individuals.
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China Announces Industrial Equipment Upgrading Action Plan
Legal & Regulatory Apr 19 -
China to Relax Foreign Ownership Limits in Value-Added Telecommunication Services
Legal & Regulatory Apr 18 -
China’s Economy Expands 5.3% in Q1 2024
Economy & Trade Apr 17 -
China's Draft Certification Standards for Cross-Border Personal Information Transfer (Updated)
Legal & Regulatory Apr 18 -
Cross-Border Data Transfer - New Measures Clarify Security Review Requirements
Legal & Regulatory Apr 18
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Economy & Trade
China’s Economy Expands 5.3% in Q1 2024
Apr 17China's GDP expanded 5.3% in Q1 2024 thanks to strong manufacturing and services output, setting the country on track to reach its annual growth target.
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Shanghai's Lingang New Area Launches First Cross-Border Data Service Center to Facilitate Data Export
Economy & Trade Apr 12The new cross-border data service center will provide consulting services to companies in Shanghai and facilitate data export.
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China-Netherlands Relations: Bilateral Trade and Investments Overview
Economy & Trade Apr 09We discuss trade and investment relations between China and the Netherlands, areas of potential business growth, and standing challenges.
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US-China Relations in the Biden Era: A Timeline
Economy & Trade Apr 08Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.
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Hong Kong Launches a New Capital Investment Entrant Scheme
Economy & Trade Apr 05Launched in March 2024, the New Capital Investment Entrant Scheme (New CIES) makes investing in Hong Kong easier for eligible individuals.
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Beyond a Mega City: Investing in China’s Mega City Clusters
Published: August 2023
Doing business in China has undergone significant changes in the past few years. With mounting chall... -
An Introduction to Doing Business in Hong Kong 2023
Published: April 2023Doing Business in Hong Kong 2023 introduces the fundamentals of investing in Hong Kong. Compiled by ...
Tax & Accounting
Navigating China’s New Company Law: A Guide for Foreign Investors – New Publication Out Now
Apr 16China's New Company Law has far-reaching implications for businesses. In this publication, we guide foreign investors through the changes of the New Company Law for existing and new FIEs and relevant stakeholders.
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Annual CIT Reconciliation in 2024 - A Brief Guide for Companies
Tax & Accounting Apr 11Companies are advised to begin tax filing procedures as soon as possible to complete CIT reconciliation before the deadline of May 31, 2024.
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China Monthly Tax Brief: March 2024
Tax & Accounting Apr 02In this monthly China tax brief, we spotlight policies and measures announced or scheduled for implementation in March 2024. These initiatives target to increase market access, attract foreign investment, support technology innovation, and clarify tax compliance.
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Navigating Hong Kong’s Annual Employer’s Return: Compliance and Best Practices
Tax & Accounting Mar 25The Annual Employer’s Return filing in Hong Kong begins on the first working day of April and should be completed within one month. Employers are advised to start preparations early and allocate sufficient resources to meet this tight deadline.
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Tax Filing for Outbound Payments in China: A Complete Guide
Tax & Accounting Mar 22When an individual or organization in China makes a single outbound payment to overseas entities that exceeds the equivalent of US$50,000, the payer must complete tax filing for outbound payments with the local branch of the STA, with limited exceptions.
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A Quick Guide to Accounting and Audit in China 2024
Published: November 2023With businesses operating in a growing volatile, unexpected, complex, and ambiguous (VUCA) world, fi... -
Human Resources and Payroll in China 2023
Published: June 2023A firm understanding of China’s laws and regulations related to human resources and payroll manage...
Legal & Regulatory
China Announces Industrial Equipment Upgrading Action Plan
Apr 19China announced an ambitious action plan for industrial equipment upgrading, which aims to drive technological innovation and economic growth through extensive investment and regulatory support. We highlight the key details and takeaways from the plan.
-
China to Relax Foreign Ownership Limits in Value-Added Telecommunication Services
Legal & Regulatory Apr 18China has launched a pilot program in specific regions to relax foreign ownership restrictions on certain value-added telecommunication services. The program aims to attract foreign investment and boost market activity.
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China's Draft Certification Standards for Cross-Border Personal Information Transfer (Updated)
Legal & Regulatory Apr 17China's standards committee has begun soliciting feedback on standards for third-party agencies to certify companies for personal information export.
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Cross-Border Data Transfer - New Measures Clarify Security Review Requirements
Legal & Regulatory Apr 17China has released long-awaited measures detailing requirements for security assessments for transferring data out of the country.
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Standard Contract Measures for Personal Information Export Come into Force June 1, Additional Guidelines Released
Legal & Regulatory Apr 17The CAC has adopted measures for the streamlined "Standard Contract" procedure for exporting personal information. Here's how it works.
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PIPL 2023/24: Cross-Border Data Transfer in China Handbook
Published: January 2024China’s PIPL and cross-border data transfer (CBDT) frameworks require that companies operating in ... -
Cross-Border Dispute Resolution in China
Published: October 2023Cross-border disputes have been increasing in China in recent years, particularly since the onset of...
Industries
Hong Kong’s Cosmetics and Skincare Market - Trends and Industry Overview
Mar 19The Hong Kong skincare market is dominated by international trade, while new trends in bespoke product formula, emphasis on 'clean beauty', and online commerce present emerging opportunities.
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China's Machine Tool Industry: Market Trends and Opportunities
Industries Mar 07China's machine tool industry, with a market value surpassing RMB 200 billion (approximately US$27.86 billion), heavily depends on foreign imports, creating diverse opportunities for global collaboration and investment, bolstered by substantial government incentives.
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Navigating the Impact of OpenAI’s Sora on China’s AI Industry
Industries Feb 28Sora, OpenAI's groundbreaking text-to-video model, has sparked both excitement and caution in China's tech industry.
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China's Dairy Industry - Market Trends and Opportunities
Industries Feb 27The dairy industry in China has grown to become the second largest in the world, presenting a myriad of new opportunities for investors.
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China’s New Draft Regulations for After-School Tutoring
Industries Feb 23China's Ministry of Education unveiled a new set of draft regulations aimed at reforming the after-school tutoring industry. These regulations clarify various aspects of after-school tutoring, from licensing and scheduling to pricing and penalties.
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Investing in China's Greater Bay Area: Tapping into Long-Term Opportunities
Published: April 2023Investing in China's Greater Bay Area: Tapping into Long-Term Opportunities is designed to introduce... -
Investing in China’s Healthcare Sector
Published: March 2023China is a highly promising market for the global healthcare industry, boasting immense size, divers...
HR & Payroll
Verification Letter of Invitation Requirement in the China Visa Process: A Brief Guide
Apr 10A Verification Letter of Invitation is necessary for certain foreigners applying for M/F visas to China, particularly those from Middle East countries. We discuss who needs to apply, the application process, and the potential risks associated with this document.
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China Unveils New Guidelines on Optimized Payment Services for Foreigners: An Overview
HR & Payroll Mar 29To optimize payment experiences for foreign visitors and businesses in China, the People’s Bank of China has recently released a set of guidelines detailing the payment methods currently accessible to foreign nationals across the mainland.
-
Navigating Hong Kong’s Annual Employer’s Return: Compliance and Best Practices
HR & Payroll Mar 25The Annual Employer’s Return filing in Hong Kong begins on the first working day of April and should be completed within one month. Employers are advised to start preparations early and allocate sufficient resources to meet this tight deadline.
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Navigating Women’s Employment in China: Recent Advancements and Ongoing Challenges
HR & Payroll Mar 08China has made strides in facilitating the hiring of more women in the workforce, although gender discrimination challenges persist.
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China Expanded Its 15-Day Visa-Free Travel Policy to 6 European Countries Including Switzerland
HR & Payroll Mar 07China has decided to expand its 15-day visa-free travel policy to six additional European countries on a trial basis, during the period between March 14 and November 30, 2024.
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Empowering Your China Business with Successful ERP Implementation
Published: August 20232023 might be a banner year for ERP deployment in China. Enterprises are emerging from the pandemic,... -
Human Resources and Payroll in China 2023
Published: June 2023A firm understanding of China’s laws and regulations related to human resources and payroll manage...
Technology
China to Relax Foreign Ownership Limits in Value-Added Telecommunication Services
Apr 18China has launched a pilot program in specific regions to relax foreign ownership restrictions on certain value-added telecommunication services. The program aims to attract foreign investment and boost market activity.
-
China's Draft Certification Standards for Cross-Border Personal Information Transfer (Updated)
Technology Apr 17China's standards committee has begun soliciting feedback on standards for third-party agencies to certify companies for personal information export.
-
Cross-Border Data Transfer - New Measures Clarify Security Review Requirements
Technology Apr 17China has released long-awaited measures detailing requirements for security assessments for transferring data out of the country.
-
Standard Contract Measures for Personal Information Export Come into Force June 1, Additional Guidelines Released
Technology Apr 17The CAC has adopted measures for the streamlined "Standard Contract" procedure for exporting personal information. Here's how it works.
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Shanghai's Lingang New Area Launches First Cross-Border Data Service Center to Facilitate Data Export
Technology Apr 12The new cross-border data service center will provide consulting services to companies in Shanghai and facilitate data export.
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PIPL 2023/24: Cross-Border Data Transfer in China Handbook
Published: January 2024China’s PIPL and cross-border data transfer (CBDT) frameworks require that companies operating in ... -
Empowering Your China Business with Successful ERP Implementation
Published: August 20232023 might be a banner year for ERP deployment in China. Enterprises are emerging from the pandemic,...
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Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing market entry, legal, accounting, tax, HR, technology and operational advisory to international investors.
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Asia Briefing publishes articles, magazines, and guides on doing business in Asia. Dezan Shira & Associates has produced the publication since 1999.
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