Other Briefings
Hong Kong Incorporations for Mainland China Business
By Joe Sze HONG KONG, Jun. 11 – Multinational companies looking at the Mainland China market often look at tax efficient or other legal ways to prepare and protect themselves from directly triggering bilateral interactions between the mainland and the ultimate parent company. In such instances, Hong Kong incorporations are a useful tool to utilize […]
State Council Approves Shenzhen SEZ Expansion
Jun. 11 – The State Council has recently approved the application from the Guangdong provincial government, to expand the scope of the Shenzhen Special Economic Zone, effective July 1. Guohan [2010] No. 45, issued on June 8th, further expands the scope of the Shenzhen Special Economic Zone to the entire city, and also include Baoan […]
Shenzhen Raises Minimum Wage
Jun. 10 – The Shenzhen municipal government has raised the monthly minimum wage in the city to RMB1,100 effective from July 1. The notice, which was issued June 8 at the government executive meeting, standardizes the monthly minimum wage level across the city. The minimum monthly wage in Luohu, Futian, Yantian and Hanshan district has […]
Guangdong Gov’t Provides More favorable Conditions for FDI in Province
Jun. 8 – The Guangdong provincial government issued a notice on May 25 regarding the further use of foreign investment, with the aim to boost economic development and social stability in the province. Guofa [2010] No. 9 stipulates that the provincial government will provide a favorable investment environment for foreign enterprises, as well as broaden […]
Mainland China and Hong Kong Sign 7th Supplement to CEPA
Jun. 3 – The China central government and the government of Hong Kong signed the 7th supplement to the Closer Economic Partnership Arrangement (CEPA) on May 27, in an effort to support Hong Kong firms with greater and easier access to the mainland market, in areas such as tourism, securities and banking services. Supplement VII […]
China-India Investment Seminars a Big Hit
May 28 – The China-India seminars held this week by Dezan Shira & Associates in Shanghai and Beijing made a mark in their respective cities with over two hundred people attending each. The fully booked seminar section was divided between three speakers.
Hong Kong, Austria Sign Tax Treaty
May 27 – In the latest of a string of trade deals organized by the Hong Kong government, the Chinese special administrative region signed a trade agreement with Austria on Tuesday that will remove double taxations between the two areas and reduce taxes in a number of sectors. Before the most recent tax treaty was […]
China Joint Venture Success “A Mindset” Rather Than A Legal Structure
May 26 – The Asian CEO forum took place this morning at the Grand Hyatt in Shanghai, where guest speaker Chris Devonshire-Ellis tabled the notion “China Joint Ventures – A Mindset or A Legal Structure?” in a two hour think tank session with some of China’s top multinational CEOs. The event, organized by IMA Asia, […]
