China Briefing News

We cover the latest economy and trade, legal and tax updates, industry insights, and HR and payroll news that are most relevant to doing business in China. Here are our top China news summaries.

Shanghai Lingang New Area Releases Whitelists for Data Export, Facilitating Cross-Border Data Flows


Shanghai’s Lingang New Area has released general data lists that will facilitate data export for companies in the automotive, biopharma, and mutual fund sectors.

Tianjin Free Trade Zone Releases China’s First Negative List for Cross-Border Data Transfer


The Tianjin Free Trade Zone has released China’s first data Negative List outlining the types of data that must undergo a security review by China’s cybersecurity bureau to be transferred out of China.

China’s New Measures to Support Foreign Investment in Sci-tech Firms


China seeks to attract sci-tech foreign investment by relaxing rules, fostering partnerships, and enhancing the investment climate.

Shenzhen’s Qianhai Cooperation Zone Expands Preferential IIT and CIT Policies


The Shenzhen Municipal Tax Bureau, Shenzhen Municipal Finance Bureau, and State Tax Administration have issued two notices broadening tax incentives for individuals and companies in the Qianhai Cooperation Zone.

China’s Wine Market Outlook: Trends and Opportunities


China’s wine market, with new trends and shifting consumption patterns, present opportunities for foreign wine producers and exporters.

New Data Security Risk Assessment Rules for Industry and Information Technology Sectors


New trial rules clarify data security risk assessments requirements for companies processing core and important data in the industrial and IT fields.

China’s National Financing Credit Service Platform: Insights and Impact


China has actively developed a National Financing Credit Service Platform to bolster the private sector by enhancing financial support. The credit enhancement services and risk-sharing capital pools can help foreign businesses enhance their operations and financial strategies.

China Adopted Rules for Complying with New Registered Capital Rules under the Revised Company Law


Companies established before the new company law comes into effect will have three years to adapt to new rules on registered capital in China.

China’s New Company Law: Considerations for Foreign Stakeholders and FIEs (update)


The New Company Law brings substantial changes with implications for new and existing foreign invested enterprises and stakeholders in China. Foreign investors must assess if adjustments to existing structures or new business negotiations are necessary.

China-Australia Relations: Opportunities, Challenges, and Latest Updates


We discuss the China-Australia bilateral relationship and future possibilities and challenges facing trade and investments between the two markets.

Understanding IFRS 18: Key Updates for Financial Statement Presentation and Disclosure


The new IFRS 18 standard will impact all entities applying IFRS, influencing how they present and disclose financial performance. In this article, we explore the essential aspects of IFRS 18 and guide entities on the necessary steps to prepare for this upcoming standard.

China Reopening After COVID: Latest Developments and Business Advisory


Our daily updates on the latest events as they occur, together with ongoing advisory on how best to manage your China business exposure during COVID-19.

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