Other Briefings
Hong Kong Permanent Residency: Maids Not Eligible, Chinese Babies Permitted
Mar. 26 – The Hong Kong Court of Final Appeal handed down a verdict in a long-running dispute over permanent residency rights in the city by denying foreign maids who have worked in the territory for more than seven years the right to abode. Yet, at the same time, it kept the door open for […]
Mandatory Business License Update Ordered for Companies in Shenzhen
Commercial subjects (including enterprises and individually-owned businesses) registered in Shenzhen before March 1, 2013 shall apply for an updated business license with the commercial registration authorities.
Shenzhen Raises Minimum Wage Levels
Mar. 11 – Shenzhen has raised its monthly minimum wage levels by RMB100 to RMB1,600 from March 1, 2013, while its hourly minimum wages have been adjusted from RMB13.3 to RMB14.5. This news comes after Guangdong Province recently announced wage hikes of nearly 20 percent that would have seen Guangzhou overtake Shenzhen as the city with the […]
AmCham South China Releases 2013 Special Business Report
“2013 Special Report on the State of Business in South China” and “White Paper” on the business environment in China now available Mar. 8 – The American Chamber of Commerce in South China launched its annual 2013 Special Report on the State of Business in South China as well as its White Paper covering the business […]
Guangdong Revises Minimum Wage Levels
The People’s Government of Guangdong will raise minimum wage levels across the province by an average of 19.1 percent from May 1, 2013. Detailed information can be found here.
Western China, New Powerhouse for China’s Economy
Mar. 5 – With the introduction of China’s “Go West” policy in 1999, the country’s western region entered into period of consistently elevated economic development. The ‘Go West’ policy covers 12 provinces and cities in the western part of China, namely: Sichuan Chongqing Yunnan Tibet Shaanxi Gansu Qinghai Ningxia Xinjiang Guangxi Inner Mongolia Guizhou The […]
Shenzhen Initiates Commercial Registration Reform
The People’s Congress of Shenzhen Municipality passed regulations on October 30, 2012 which state that commercial registration authorities shall no longer collect commercial registration fees starting from March 1, 2013.
Hong Kong Introduces Fund Management Tax Incentives
Mar. 1 – The Hong Kong government has introduced measures in its new 2013 budget aimed at promoting the development of the city as an international asset management center. Wanting to attract more overseas fund managers to the territory, Financial Secretary John Tsang said the government would introduce changes to the law to extend tax […]
