Other Briefings
Forbes: Hong Kong has Friendliest Tax Regime in the Region
Apr. 3 – According to the 2009 Tax Misery and Reform Index, Hong Kong was ranked as the friendliest tax regime in the Asia-Pacific region and the third in the world. The annual index was done by business magazine, Forbes Asia, by comparing 50 jurisdictions around the world. The score was calculated based on the […]
Foreign Investors Asked to Commit 5 Year Lockup for Bank Shares
Apr. 2 – The China Banking Regulatory Commission (CBRC) has extended the lockup period for bank shares held by foreign investors from of 3 years to 5 years or more. CBRC chairman, Liu Mingkang, was quoted by China Daily during a recent meeting held at the Chinese Academy of Social Sciences, that if Chinese commercial […]
Zhangjiang High-Tech Park Continues to be Top Draw for FDI
SHANGHAI, Apr. 1 – Zhangjiang High-tech Park located in Pudong New Area still continues to be a top destination for FDI with a recent signing of contracts with local and international companies worth an estimated RMB4 billion. Government officials told Shanghai Daily that the investment is expected to generate more than RMB20 billion in output […]
New Regulations on Travel Agencies Effective May 1
Mar. 31- New regulations that will allow local and foreign-owned travel agencies to run inbound and domestic tours with a lower registered capital requirement than was previously the case will take effect beginning May 1. The revised Regulations on Travel Agencies will permit foreign-owned travel agencies to set up in China with just RMB300,000 compared […]
China in Asia: Mar. 31
Mar. 31 – Here is how China has been reported across the region over the past week. Asia To See Increased, But Lower Value M&A Deals This Year M&A activity in Asia is expected to increase over last year as more companies said they were looking to expand in the face of healthy valuations. In […]
Chinese Protectionism vs. Political Pressure
Mar. 31 – One of the debates doing the rounds following the fallout of the Coke-Haiyuan deal is China’s attitude towards foreign investment. There have been cries of protectionism and warnings on the perils of doing business in China, and in certain quarters, an absolute belief that China is “anti-foreign takeover” doing the rounds. One […]
China Increases Rebates on Textile, Metal Exports
Mar. 30 – Beginning April 1, tax rebate rates on selected textile, iron and steel, nonferrous metal, petrochemical, electronic information and light industrial exports will be raised. The amount of the tax rebate rate is still unavailable; pending confirmation from the State Council. The move should help make the economic stimulus plan more effective while […]
China Industry: Mar. 30
Mar. 30 – This is a regular series of relevant industry news from around China. Solar power Solar Energy Technology Support Center, a new joint venture technology project, has opened doors at the Hong Kong Science Park. The initiative is part of the “Shenzhen-Hong Kong Innovation Circle,” a cooperation agreement between Shenzhen and Hong Kong. […]
