Region

An Introduction to Kunshan, China’s Richest County-Level City

While investors may have learned abundant information on key cities in Jiangsu Province such as Nanjing, Suzhou and Wuxi from China Briefing’s City Guide series, they should now also put the city of Kunshan – China’s richest county-level city – on their list when considering expanding or relocating their businesses.

Photo: Flickr/M. KJ

Hong Kong Promoted to Prime Center for Arbitration

The new Hong Kong Arbitration Ordinance enacted in November last year will take effect on June 1, 2011, the Department of Justice announced. The new will largely benefit arbitration parties and make Hong Kong a more preferred location for arbitration in the Asia Pacific Region.

Hong Kong Statutory Minimum Wage to Come into Force

The Minimum Wage Ordinance was passed by Hong Kong’s Legislative Counsel and will come into force on May 1, 2011. The initial statutory minimum wage rate is HK$28 per hour.

Xinjiang to Become More Accessible for Foreign Investors

Xinjiang, the massive autonomous region in northwestern China offering many lucrative investment opportunities, is relaxing the approval procedures for foreign investors. Under the new policy, local authorities will gain more decision power and investors will find it easier to start up projects in the region.

Shenzhen Announces 2010 Joint Annual Inspection for Foreign Invested Enterprises

Shenzhen announced on February 25, 2011 that it will implement joint annual inspection of foreign invested enterprises between March 1 and June 30, 2011. All foreign invested enterprises registered in Shenzhen prior to December 31, 2010 are required to apply for joint annual inspection with seven departments.

China’s HR Market: How Much Are Your Employees Worth?

Mar. 16 – While 10 years ago, China’s low-cost labor force was one of the major drivers pushing foreign manufacturers to choose the emerging nation as their production base, nowadays  China’s human resource (HR) market is witnessing significant changes alongside its developing industrial landscape. But while it is widely recognized that hiring is becoming more […]

Shenzhen’s Manhattan District Gets Underway

Mar. 14 – China’s central government has approved a project to turn a 15 square kilometer site bordering Shenzhen and Hong Kong to become “the Manhattan of the Pearl River Delta.” The site, reclaimed land known as Qianhai, north of Shekou, is to become a hub for innovative service industries. It will, in effect, become […]

Zhejiang New Minimum Wage Standards to be Set in line with GDP Per Capita

Mar. 4 – The Zhejiang Provincial Government has announced that minimum wages in the province are to increase in line with the GDP per capita in each city during the 12th Five-Year Plan. Local authorities should take into account the degree of financial development, cost of living, and the average salary rise in each area […]