China Briefing News

China Unveils New Guidelines on Optimized Payment Services for Foreigners: An Overview

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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.

China Lifts Tariffs on Australian Wine Imports, Amid Improving Trade Ties

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China announced the lifting of the tariffs imposed on Australia wine imports, marking a significant turning point in China-Australia trade relations after years of tension. We look at the significance and implications of this decision.

Shanghai Introduces New Guidelines for Cosmetic Advertising

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Shanghai issued New Guidelines for cosmetics advertising, which cover aspects such as product classification, efficacy claims, and endorsement activities. We present key highlights.

Decoding China 2024 Green Industry Catalogue: Key Takeaways

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China has issued the 2024 version of its Green Industry Catalogue, a key reference document for government entities and departments to devise supportive policies for the advancement of green sectors in the country. We provide key details.

China Adopts New Regulations to Facilitate Cross-Border Data Flows 

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Nre regulations from China’s cybersecurity regulator significantly facilitate cross-border data transfer processes for foreign companies by lowering compliance burdens.

Navigating Hong Kong’s Annual Employer’s Return: Compliance and Best Practices

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The 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.

Highlights from China FM Wang Yi’s Visit to New Zealand and Australia

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China FM Wang Yi’s visit to New Zealand and Australia underscores efforts to strengthen economic ties and address differences.

Tax Filing for Outbound Payments in China: A Complete Guide

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When 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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