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, 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.
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.
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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Sign Up NowChina'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.
The new cross-border data service center will provide consulting services to companies in Shanghai and facilitate data export.
We discuss trade and investment relations between China and the Netherlands, areas of potential business growth, and standing challenges.
Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.
Launched in March 2024, the New Capital Investment Entrant Scheme (New CIES) makes investing in Hong Kong easier for eligible individuals.
China'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.
Companies are advised to begin tax filing procedures as soon as possible to complete CIT reconciliation before the deadline of May 31, 2024.
In 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.
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.
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.
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 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 standards committee has begun soliciting feedback on standards for third-party agencies to certify companies for personal information export.
China has released long-awaited measures detailing requirements for security assessments for transferring data out of the country.
The CAC has adopted measures for the streamlined "Standard Contract" procedure for exporting personal information. Here's how it works.
The 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.
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.
Sora, OpenAI's groundbreaking text-to-video model, has sparked both excitement and caution in China's tech industry.
The dairy industry in China has grown to become the second largest in the world, presenting a myriad of new opportunities for investors.
China'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.
A 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.
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.
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.
China has made strides in facilitating the hiring of more women in the workforce, although gender discrimination challenges persist.
China 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.
China 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 standards committee has begun soliciting feedback on standards for third-party agencies to certify companies for personal information export.
China has released long-awaited measures detailing requirements for security assessments for transferring data out of the country.
The CAC has adopted measures for the streamlined "Standard Contract" procedure for exporting personal information. Here's how it works.
The new cross-border data service center will provide consulting services to companies in Shanghai and facilitate data export.
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.
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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