SHANGHAI – The new issue of China Briefing Magazine, titled Guide to the Shanghai Free Trade Zone, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the month of March.
This year has seen some exciting changes in China’s foreign investment landscape as the government explores new ways to lessen previous restrictions on doing business in China. Most recently, the Shanghai Free Trade Zone (FTZ), seen as the testing ground of China’s economic reforms, has garnered a lot of attention. We along with many foreign investors are very interested to see what opportunities and benefits it will offer. To this end, we have been in close contact with officials in the Zone to learn about its establishment procedures and preferential policies available to various industries in the zone. Continue reading
The Leading Edge Alliance, the international group that Dezan Shira & Associates are primary members of, recorded revenues of US$2.9 billion in 2013. The International Accounting Bulletin, the industry benchmark for accounting firms worldwide, reported that the Leading Edge are now the second largest accounting association globally. Continue reading
March speaking engagements across the United States, China and ASEAN
The accounting, tax and legal staff from Dezan Shira & Associates are regularly invited to attend and speak at international events concerning matters of foreign investment in China, India, Vietnam, Singapore and ASEAN. Please see details below concerning events taking place in March accompanied by the pertinent subject matter and contact details if you’d like to attend or meet one of our professionals.
To reach out concerning events or to book a complimentary one-on-one session with our staff at any of the events and locations below, please contact: email@example.com. For further information regarding upcoming events in 2014 that Dezan Shira staff will be attending, please see here.
SHANGHAI – China’s State Council disseminated Order No. 648 (“Order 648”) last Friday in a move towards further implementing the recently revealed business registration reform scheme. The Order, signed by Premier Li Keqiang, abolished two administrative regulations pertaining to capital contribution requirements for Sino-foreign joint ventures, and revised eight regulations regarding capital contributions upon incorporation.
The revisions were made in order to bring these regulations in line with the new Company Law of China, which removed the registered capital requirements for company establishment and replaced the paid-up capital registration regime with a subscribed capital registration regime. Both the Company Law and Order 648 came into force on March 1, 2014.
China’s growing consumer market to be serviced from Asia
Op-Ed Commentary: Chris Devonshire-Ellis
China agreed to a full Free Trade Agreement with ASEAN, effective from 2010, yet the implications of this, given the preoccupation with the global financial crisis, are only now starting to become apparent. What this agreement does is to eliminate import-export tariffs and barriers on some 90 percent of all products traded between China and the ASEAN member states. ASEAN is a ten member Asia trade bloc, including the Asian Tigers of Singapore, Indonesia, Malaysia, Philippines and Thailand, all of whom have already reduced tariffs (and China has done in reciprocity) on the majority of traded products between them. By the end of next year, the same will also apply to the other ASEAN members of Cambodia, Laos, Myanmar and Vietnam. Continue reading
As China becomes increasingly unified through its many tax treaties, trade and political developments with its neighboring countries in Asia, we take a look at some of the Asian news this month of strategic interest to China-focused executives. As China changes, so does Asia and this bulletin provides you with the market intelligence as what is going on beyond China’s own borders. Continue reading
In this article, we explore China’s social security system, which is especially complex because it is organized at the regional level. While the formal social security system only covers urban workers, some rural workers who move to the cities to work (the so-called “floating population”) are also covered. On account of China’s sheer size and legal diversity, the country’s social insurance system is among the most difficult in the world to navigate.
Chris Devonshire-Ellis, Founding Partner of Dezan Shira & Associates and publisher of China Briefing, was recently interviewed by Dukascopy, a Swiss foreign exchange bank and market intelligence provider, in their “Expert Commentary” series.
In the interview, Chris discusses the potential for growth in China this year, the current fiscal slowdown, and the differences in GDP growth across China. He also touches on the phenomena of China’s “Ghost Cities,” the Housing Bubble and the Chinese Government’s attempts to control housing prices and reign in credit. Continue reading