Other Briefings
Shanghai Expo 2010: The Nordic Lighthouse Project
The 2010 World Exposition in Shanghai will be the first registered one in a developing country. Officially known as “Expo Shanghai 2010,” it will last 184 days and provide China an opportunity to show off its remarkable economic growth. The expo will also give foreign nations and companies a chance to further develop business partnerships […]
Filing Deadlines for Taxpayers in Hong Kong Approaching
HONG KONG, Mar. 26 – The 2009/10 assessment year for will end on March 31, 2010 and the tax filing season will commence again on April 1, 2010 with the bulk issue of profits tax returns and employer’s returns of remuneration and pensions. This will be followed on May 3, 2010 by a bulk issue […]
Indonesia and Hong Kong Sign DTA
Mar. 24 – Officials from Indonesia and Hong Kong signed the Double Taxation Preventatives Agreement in Jakarta on Tuesday, which both parties hope will spur regional trade as demand from the United States and Europe continues to slow. Signed by Hong Kong’s Financial Secretary John Tsang and Indonesia’s Finance Minister Sri Mulyani, the deal halves […]
Guangzhou Proposes Collective Bargaining Legislation
Mar. 24 – The Guangzhou Federation of Trade Unions has formulated a draft ruling to regulate collective negotiations of labor relationships through legislation. The draft, “Regulations of Guangzhou Municipality for Collective Negotiations for Labor Relationships,” specifically regulates collective negotiations on wages and provides for the comprehensive promotion of industry associations, employers and trade unions in […]
Guangdong Province Adjusts Minimum Wage
GUANGZHOU, Mar. 23 – The Guangdong provincial government has announced that it will adjust the minimum wage levels in the province starting May 1, 2010. All districts across the province are required to follow the new standards. Where conditions permit, the district authorities may raise the appropriate criteria but will not lower the minimum wages […]
Shenzhen Increases SMEs by 26,000
Mar. 22 – Shenzhen reported a rising number of small and medium-sized enterprises created last year after the global financial crisis caused a spate of bankruptcies and factory closures in late 2008. An estimated 26,000 SMEs were established in Shenzhen last year bringing the total number of SMEs in the city to 305,000. According to […]
Terminal 2 Opens at Shanghai’s Hongqiao Airport
By Joe Drury Mar. 19 – Shanghai’s Hongqiao Airport opened the doors of a new terminal on March 16, two months before 70 million mostly Chinese visitors will begin flocking to the city for the 2010 Expo. The five-year US$2.2 billion Hongqiao Airport Expansion Project created a new 3,300 meter-long runway along with the terminal […]
Social Insurance and Other SME Policy Changes Introduced in Wuxi
Mar. 19 –In order to alleviate the impact of the financial crisis on employment, the state government in Wuxi has introduced new measures to reduce the burden on enterprises and stabilize the employment situation. The policies plan to achieve the following. Extend social insurance policies and alleviate the social security burden on enterprises Continue social […]
