Other Briefings
China May Revise VAT System in 2009
Nov. 5 – A senior government official says China may revise its value-added tax (VAT) system in 2009 to help lower business costs and help firms cope with the global downturn. According to China Daily, the government could allow companies to deduct the tax incurred when buying machinery and other capital assets from their VAT […]
Hong Kong Launches Measure to Support SMEs
Nov. 4 – The government of Hong Kong Special Administrative Region is set to implement the Loan Guarantee Scheme starting November 6 to help small and medium enterprises (SMEs) cope with the global credit crisis. Currently, ten participating lending institutions (PLI) are qualified to accept applications for the enhancement measures. The sub-ceilings for the Business […]
November China Briefing Online Now
Nov. 3 – The November issue of China Briefing magazine is out now and available for download (click on the image – subscription required however this is complimentary). With a global recession and domestic downturn in China just commencing, this issue examines lessons learned during the previous Asian Financial Crisis of 1997, SARS and the […]
China Briefing Beijing Networking Event: Tuesday, Nov. 4
Nov. 3 – China Briefing has just published five regional business guides to China, and one guide to China’s neighboring countries. To celebrate this book launch, we are holding a Beijing business networking event for China Briefing subscribers, friends, and clients of Dezan Shira & Associates. Come and join us at Beijing’s largest networking event […]
Allan Zeman Gives Up Canadian Nationality for Chinese
Nov. 3 – Allan Zeman, the well known Hong Kong-based billionaire responsible for the development of the city’s Lan Kwai Fong area, has renounced his Canadian citizenship and become a naturalized Chinese citizen. Zeman, who sold his Colby International sourcing business to Li & Fung several years ago, and who made his name in the […]
Bank of China: Financial Slowdown to Have Huge China Impact
Effects of financial storm only beginning to be felt and it will get worse Nov. 3 – The world’s biggest economies are very likely to post negative growth in 2009 said Zhu Min, the executive vice president of the Bank of China. Speaking at a conference of Chinese bankers in Shanghai on Saturday, Zhu said […]
China to Provide RMB1 Billion Credit Guarantee for SMEs
Oct. 31 – According to the Ministry of Finance, China is providing a RMB1 billion credit guarantee for small and mid-sized enterprises (SMEs). This should ease their financing woes and help development. The RMB1 billion fund will be used to cover losses and risks of financial institutions that provide credit to SMEs. So far, the […]
China to Add New Laws to its Civil Code
Oct. 30 – According to a senior government official, the country will be adding two laws on civil relations that should complete its Civil Code by 2013. “The Law of Torts and Application of Law in Foreign Civil Relations will complete the Chinese corpus on civil law if both are approved by the National People’s […]
