Other Briefings
Dongguan, the World’s Factory in Transition (Part II)
Feb. 28 – By transforming Dongguan from a collection of small towns into an international manufacturing giant in less than three decades, the so-called “Dongguan Model” has received worldwide recognition. Even when many manufacturing enterprises in China began suffering from rising production costs brought on by the appreciation of the renminbi in 2006, the manufacturing […]
Dongguan, the World’s Factory in Transition (Part I)
By Yao Lu Feb. 27 – Dongguan, the city known as the “world’s factory” even within China, is home to more than 10,000 foreign-invested enterprises and one of the largest global manufacturing bases. However, 30 years ago the city was just a collection of villages and towns spread out over 2,500 square kilometers on the […]
Introducing China’s First Casino With Non-Cash Winnings
Feb. 18 – A subtle shift has emerged in how China’s central government views gambling on the mainland, with the quiet opening of the Jesters casino bar, part of the Mangrove Tree Sanya Bay Resort World complex in Sanya, Hainan Island. In a concept that has the traditional casino operators watching from the sidelines, winnings […]
Hong Kong Enhances Security of ATM Services
Jan. 30 – In an effort to enhance the security of using ATM services in the region, the Hong Kong Monetary Authority (HKMA) announced that, with effect from March 1, 2013, the overseas ATM cash withdrawal capabilities for all ATM cards (including debit cards and credit cards) issued by authorized institutions in Hong Kong will […]
Hong Kong’s New Companies Ordinance Expected to Take Effect in 2014
Jan. 29 – With the aim to modernize Hong Kong’s Company Law and further enhance the region’s status as a major international business and financial center, a comprehensive rewrite to the existing Companies Ordinance was initiated in mid-2006. This long and arduous process began to bear fruit on July 12, 2012 as the Companies Bill […]
Shanghai to Create China’s First Free Trade Zone
Jan. 29 – Shanghai’s acting mayor, Yang Xiong, has stated that the city wishes to create Mainland China’s first free trade zone in a three-year development project that will link and upgrade the city’s existing bonded facilities in Pudong. The plan has apparently already been approved by the central government and was introduced at the […]
Hong Kong and Italy Sign Comprehensive DTA
Jan. 28 – On January 14, 2013, Hong Kong and Italy signed a comprehensive double taxation agreement (DTA). The agreement provides legal basis for allocating the taxing rights between the two jurisdictions. Under the DTA, Italian residents will be allowed to credit taxes paid in Hong Kong for HK-derived income against tax payable in Italy. […]
Shenzhen GDP Growth Rate Lowest Since 1979
Jan. 17 – The Shenzhen government has issued a 9 percent GDP growth rate target for 2013, down from the 10 percent achieved last year and against a background of the city mayor, Xu Qin, stating that “double digit growth rates are in the past.” The 2012 growth was the lowest since the city became […]
