Jan. 15 – The Guangzhou Administration for Industry and Commerce (AIC) released the ”Circular on Fully Implementing the Commercial Registration in Guangzhou Municipality (hereinafter referred to as ‘Circular’)” on December 30, 2013. The Circular, which rolls out commercial registration reform across the city, began January 1, 2014. Detailed information can be found below. Continue reading
Oct. 30 – China’s Public Security Bureau (PSB) requires a preliminary interview for any foreigner that wants to apply for a residence permit in Shenzhen (applicants under age of 18 years old or above 70 years old are exempted). Only applicants who have passed the interview will have their residence permit application put forward for further review.
According to the recent notice released by the Entry and Exit Division of the Shenzhen PSB, starting from November 1, 2013, the residence permit interview for foreigners will be handled by the Foreigner Administration Office (FAO) of the Shenzhen Municipal PSB instead of the district PSB at the registered location of foreigner’s employer. Continue reading
In a nation of avid tea drinkers, coffee continues to gain ground.
By Nathan Barlow
Oct. 22 – Coffee first made its initial appearance in China when a French missionary in the 1890s planted beans throughout Yunnan Province. Over the next hundred years, coffee would go largely unnoticed but, as is the case with many things in China, the market has changed quite a bit over the last 20 years.
This is the final section of our three-part series detailing various facets of China’s coffee industry, and this article focuses on domestic coffee production in China. Part one, introducing the China’s coffee industry, can be found here, while part two, detailing importing and exporting coffee beans in China, can be found here. Continue reading
Oct. 15 – To enjoy the tax benefits of the double taxation avoidance agreement (DTA) signed between Hong Kong and Mainland China (“the Mainland”), eligible applicants must be tax residents of Hong Kong. Recently, China’s State Administration of Taxation (SAT) released the “Announcement Concerning Resident Status Recognition Procedures in Implementing the DTA between Hong Kong and China Mainland (SAT Announcement No. 53, hereinafter referred to ‘Announcement 53’)” to clarify the criteria for being recognized as a Hong Kong resident for tax purposes, which will enter into force on November 1, 2013. Continue reading
ChinaWhys scandal could impact upon use of shelf companies with no Hong Kong assets
Op-Ed Commentary: Chris Devonshire-Ellis
Sept. 3 – A result of part of the investigation into the ChinaWhys scandal and the continuing incarceration of the company’s directors in China could be a shift in attitude towards the use of shelf companies in Hong Kong to hold China assets. As part of the investigation into ChinaWhys, the Chinese PSB official interviewed on state TV about the case commented that the PSB had gone to the extent of looking at the overall ChinaWhys corporate structure. Describing the business as a Hong Kong “shell company,” he implied it held no material assets in Hong Kong, although it can reasonably be assumed the company held a bank account there. The implication then is that in China, the ChinaWhys business was operating either as a representative office (RO) or as a wholly foreign-owned enterprise (WFOE) as its primary place of business, and not Hong Kong. Continue reading
Aug. 2 – The Legislative Council of Hong Kong recently passed the Inland Revenue (Amendment) Bill 2013 (hereinafter referred to as the “Bill”) on July 10, which will enable Hong Kong to directly enter into tax information exchange agreements (TIEAs) with other jurisdictions. The Bill also enhances and makes more efficient the exchange of information related to all of Hong Kong’s comprehensive double taxation avoidance agreements (CDTAs) with other jurisdictions. Continue reading
Jun. 3 – The new issue of China Briefing Magazine, titled Sourcing from China, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the month of June.
While the United States and Europe continue to lead in the production of top-end manufacturing and smart technologies, China is slowly but surely climbing the technology ladder, and is actively trying to raise the human capital and managerial skills needed to lead such growth. Meanwhile, China continues to outpace competitors in the mass production of those basic, low value-added products necessary in the daily lives of people around the world. It has also managed to develop a fast and efficient national network of roads, railways, ports and airports coupled with a first-tier integrated logistics system. On top of these structural accomplishments, China has created a skilled workforce capable of producing anything an engineer can design, and a comprehensive supply chain that sources energy and raw materials from around the globe. Continue reading
Posted in Business, Central China, East China, FDI and Foreign Trade, Featured, Legal and Regulatory, Manufacturing, Markets, Northeast China, Shipping & Logistics, South China, Textiles, West China
By Christian Fleming and Shirley Zhang
May 28 – Development zones are not a Chinese creation, but China in particular has found tremendous success with this economic tool. Historically, the liberal business environment in these areas have allowed foreign enterprises to operate more comfortably in the Chinese business environment, sheltered from the bureaucracy and red tape that often characterizes the rest of the country while at the same time such businesses could benefit from preferential policies, greater resource availability, and prime locations within regional hubs of creativity and innovation. Continue reading
Posted in Automotive, Business, Central China, Chemical & Pharmaceutical, East China, Economy and Politics, FDI and Foreign Trade, Featured, Manufacturing, Markets, Northeast China, Shipping & Logistics, South China, Technology, West China