Other Briefings
Beijing Municipality Encourages FDI in Private Equity Fund Companies
BEIJING, Feb. 2 – Local authorities have released a circular encouraging foreign investors to establish wholly foreign-owned private equity (PE) management companies or joint-venture private equity management companies with local companies in its Zhongguancun Independent Innovation Demonstration Zone. The circular called “Tentative Measures for Establishing Foreign-Invested Private Equity Investment Fund Management Enterprises” clarifies the scope […]
China to Raise Minimum Wage Levels
BEIJING, Jan. 29 – Local governments will raise minimum wage levels as soon as next month from 10 to 12 percent given the recovering economy and rising inflation. Beginning next month, Jiangsu Province will increase minimum wage levels from RMB850 to RMB960, the same level Shanghai and Hangzhou. Beijing will soon follow suit with a […]
New China Briefing Books Out Now
Jan. 22 – China Briefing just released two new titles on doing business in the country; expanding the Asia Briefing roster of invaluable resources for both the new and experienced foreign investor. Human Resources in China Due to the rapidly changing nature of the labor market and the laws that govern it in China, it […]
Beijing’s Social Security Online System Available in February
BEIJING, Jan. 22 – The Beijing Municipal Human Resources and Social Security Bureau announced that its social security online system for declaration and inquiry will be up beginning February. This will allow insured units and individuals to log online for social security transactions and other individual information inquiries. These transactions can include adjustments in staff […]
IBM Expands into Accounts Receivable Lending in China
Jan. 11 – International Business Machines (IBM) has launched a financing business in China indicating how the company is diversifying into service, consulting and financing businesses. The company’s first accounts-receivable lending license in the country will apply to the Tianjin Binhai New Area, a special economic zone located in the northeast city of Tianjin. Chip […]
China May Expand Pilot Property Tax Program Nationwide
Jan. 6 – China may implement a pilot property tax program nationwide reports Shanghai Securities News. Morgan Stanley said that China may levy a tax on commercial real estate in “selective regions” before applying a levy on residences in an effort to temper the heated property market. It will take some time before the pilot […]
Microsoft Ordered to Stop Sale of Programs Guilty of IPR Violation
BEIJING, Nov. 18 – U.S. software company Microsoft has been ordered by a Beijing court to stop the sale of all Windows programs found in violation of a Chinese company’s intellectual property rights. The Beijing Number One Intermediate People’s Court ruled in favor of Beijing-based software company, Zhongyi Electronic, saying that Microsoft’s use of its […]
2009 BusinessWeek CEO Forum: The Post-Recession World and China
Nov. 12 – The 2009 BusinessWeek CEO Forum being held next week in Beijing will focus on China and the post-recession global economy. How will China and the rest of the world seize the opportunities presented in the post-recession global economy? For CEOs and their companies the opportunities and challenges brought on by the next […]
