On May 2, China’s State Council announced plans to shorten the business registration process for newly-established companies from 20 days to 8.5 days and to reduce the approval time for construction projects from 200+ days to 120 days.
Beijing recently issued a series of policies and measures designed to improve the ease of doing business in the capital city. In this article, we look at Beijing’s recent efforts to improve its business environment.
The authorities in Shanghai announced that they plan to increase the statutory minimum wage in the commercial capital from April 1, 2018. Read more about the changes here.
China announced a sweeping restructuring of its government institutions at the ongoing Two Sessions meetings in Beijing. The government overhaul is China’s most significant institutional reform in years, with various entities either newly created, merged, restructured, or dissolved.
China will implement a “One Window, One Form” policy to simplify the foreign business registration process and reduce the hours needed to prepare forms and liaise with different bureaus.
In late 2017, Beijing announced several new temporary regulation adjustments aimed at loosening restrictions on foreign investment in the city, which are designed to further open Beijing’s service sector to international investment.
The Cybersecurity Law and its rules and regulations have attracted heated discussion since adoption. This article provides a structured summary on key aspects of the Law.
Hong Kong’s Companies (Amendment) Ordinance 2018, which introduces new requirements for registering significant controllers, will come into effect on March 1, 2018. In this article, we look at the contents of the Ordinance, and steps businesses must take to comply.