Other Briefings
New Hong Kong-Shenzhen Qianhai Zone Signs Deals Worth US$35 Billion
Jul. 19 – The new financial and modern services development zone in Qianhai, a Hong Kong-Shenzhen joint venture supported by the State Council, saw 37 firms sign contracts worth a total of RMB220 billion (US$34.54 billion) with officials from Qianhai in Hong Kong on Monday, according to the Shenzhen Daily. Of the 37 firms, 12 […]
Joint Ventures Back in Vogue for Accessing China’s Central Regions
Local knowledge sought out when investing for new market penetration in inland and western regions Op-Ed Commentary: Chris Devonshire-Ellis Jul. 18 – A growing trend in China is the desire for MNCs to look at China’s central and western regions for market development and growth, as these areas provide the surest bet of securing high […]
Shenzhen Issues 2012 Salary Guide
Jul. 13 – The Shenzhen Municipal Bureau of Labor and Social Insurance recently issued the “Shenzhen Municipal Human Resources Market Salary Guide (2012) (hereinafter referred to as ‘Salary Guide’).” The data in the Salary Guide is based on random surveys of employees across different industries in the city. Shenzhen’s overall high, median and low monthly […]
Hong Kong Amends Mandatory Contribution Levels for MPF
Hong Kong has recently passed legislation that will amend the maximum level of relevant income for compulsory Mandatory Provident Fund (MPF) contributions, effective from June 1, 2012.
Shanghai Issues Guidelines on Wage Increases for 2012
The Shanghai government issued a notice on May 21, specifying the government’s suggested 2012 wage increases for enterprises in Shanghai.
Huizhou Launches Enterprise Registration and Examination Reform
The Huizhou government held a mobilization conference on May 17 to officially launch its enterprise registration and examination trial reform.
China Customs Revises Hong Kong CEPA Ad Valorem Definition
China’s General Administration of Customs has decided to revise Article 6 of the “Provisions on the Implementation of the Rules of Origin for Trade in Goods under the Closer Economic Partnership Arrangement (CEPA) between Mainland China and Hong Kong.”
2012 Annual Compliance Reports for Shenzhen Representative Offices
Apr. 16 – According to the new “Regulations on the Registration and Administration of Representative Offices of Foreign-Invested Enterprises (guowuyuanling No.584)” (Regulations), representative offices (ROs) of FIEs registered and established before December 31, 2011 are required to submit the annual compliance report to the local registrars before June 30, 2012. Those who failed to file […]
