Other Briefings
Strong Showing for Chinese Cities on List of Asia-Pacific Cities of the Future
Dec. 22 – Chinese cities performed well in the new ranking of the Asia-Pacific Cities of the Future 2011-12 published by FDI Intelligence magazine, a bi-monthly news and foreign direct investment (FDI) publication owned by The Financial Times based in London. The FDI future cities survey is carried out across 141 Asia-Pacific cities every two […]
China’s VAT Reform: General Taxpayer Status and Tax Filing Issues
China’s State Administration of Taxation recently clarified more issues regarding the VAT reform – including the application of VAT general taxpayer status in the pilot area and VAT filing issues in non-pilot areas.
China’s First Tier Cities Compete to Attract Foreign Headquarters
Setting up regional headquarters in Shanghai, Beijing, Guangzhou and Shenzhen Dec. 8 – China’s first tier cities – faced with various challenges during industrial upgrading and an economic transition – are scrambling to attract foreign-invested enterprises (FIEs) to set up regional headquarters (RHQ) in their jurisdictions. The cities of Beijing, Shanghai, Guangzhou and Shenzhen have […]
China’s SAT Details VAT Reform Issues in Shanghai
The “Circular on Commencing the VAT Reform (Replacing BT Imposition with VAT Imposition) in Shanghai’s Transport Industry and Several Modern Service Sectors” explains multiple issues including services that become VATable, VAT rates, as well as calculation methods, taxpayer status and favorable VAT treatment to specific services.
Shenzhen and Xiamen Further Encourage Equity Investment
Local governments of several Chinese coastal cities are offering further incentives to equity investment enterprises, as private equity investment has emerged as one of the most important capital-raising avenues for small and medium-sized enterprises in those areas.
Shanghai to Offer Incentives to Shipping-Related Industries
As a city that is striving to become an international shipping center, Shanghai is brewing a complete package of favorable fiscal policies for its shipping-related industries. The new policies are hoped to bring down shipping companies’ tax liabilities significantly to the similar levels of shipping tax burdens in Hong Kong, experts say.
China to Allow Issuance of Local Gov’t Bonds
China debt institutionalizing as bank default fears loom Oct. 21 – China’s Ministry of Finance has instigated a trial program that will allow four select local governments to issue bonds directly. To date, this route to raising funds has been banned, however rising debt levels and bank loans about to fall due have made the […]
China Bails Out Its Banks
Oct. 12 – Beijing has used the state-owned Huijin Sovereign Wealth Fund to purchase stocks in China’s four largest banks – Agricultural Bank of China, Bank of China, Industrial & Commercial Bank of China, and China Construction Bank – in moves made to support the share prices of each of the banks, as well as […]
