Other Briefings
China’s Software Developers Can Enjoy VAT Refunds
Starting on January 1, 2011, enterprises which develop their own software products or redesign imported software products can have part of their value-added tax refunded, said China’s State Administration of Taxation and Ministry of Finance recently.
Alberto Vettoretti Named International Advisor to the Guangzhou Government
Nov. 3 – On October 12, Alberto Vettoretti, Managing Partner of Dezan Shira & Associates and Vice Chairman of the European Union Chamber of Commerce (Pearl River Delta Chapter) has been nominated as International Advisor to the Guangzhou Government in a ceremony held in Nansha District, Guangzhou. At the closed-door meeting, chaired by leaders from […]
Foreign Schoolkids Targeted By China Kidnappers
Nov. 2 – Foreign schoolchildren are the potential new targets in child kidnapping cases following an incident at one of Beijing’s luxury compounds this past weekend. On Saturday afternoon at approximately 4:30 p.m., the student was outside the side exit of the Yosemite Villa Estate and a man, unknown to her, came towards her and […]
Hong Kong and U.S. Sign Mutual Recognition Agreement for CPAs
By Vivian Ni Oct. 28 – The Hong Kong Institute of Certified Public Accountants (HKICPA) and its U.S. counterpart recently struck a mutual recognition agreement (MRA), which enables both sides to recognize the accounting qualifications obtained in each other’s jurisdiction. The move is believed to be a great stride in advancing the reciprocity of CPAs […]
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 […]
Cap on Employer Portion of Welfare Contributions May Be Removed
The cap on the amounts paid as contributions to social welfare funds by employers on behalf of their workforce may be removed, if recent policies enacted in Dalian are to be implemented nationally.
Shihezi – China’s Cotton and Textiles Hub
Op-Ed Commentary: Chris Devonshire-Ellis Oct. 12 – One of the hidden treasures of Xinjiang is Shihezi. Actually the region’s second largest city after Urumqi, this has long been a farming community and is often regarded with typical Chinese aplomb as “A Shining Pearl in the Gobi Desert.”
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 […]
