China Briefing News

Investment Opportunities in Shenzhen and the Greater Bay Area

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We discuss the incentives for foreign businesses to invest in Shenzhen, including key subsidy schemes and the region’s industrial growth priorities.

Shenzhen Announces Comprehensive Pilot Reforms Plan amid 40th SEZ Anniversary

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As Shenzhen SEZ marks 40 years of growth and innovation to transform into a megalopolis, more comprehensive pilot reforms are expected in the next five years.

New Hong Kong-Shenzhen Qianhai Zone Signs Deals Worth US$35 Billion

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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 […]

Shenzhen Issues 2012 Salary Guide

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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 […]

Shenzhen Adjusts Housing Fund Base and Work-Related Injury Insurance Rates

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Shenzhen released a supplementary notice adjusting the 2012 housing fund contribution base on June 26.

Chinese Cities Rise in ECA Cost of Living Report

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By Sofia Liska Jun. 28 – This year, Asian cities are once again moving up the ranks of global metropolises in terms of cost of living standards. According to a recent report published by ECA International, Beijing is now the 20th most expensive city in the world for international assignees (up from 48th in 2011) […]

Opening a Bar in China – Without Licensing Laws

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Op-Ed Commentary: Chris Devonshire-Ellis Chris Devonshire-Ellis began Dezan Shira & Associates before China’s legal services industry was codified, and when business and foreign investment laws were rudimentary. That led to some interesting and innovative solutions to establishment problems. This episode deals with the establishment of the first foreign-run bar in China. Jun. 13 – Shekou […]

Ten Cities and Provinces Apply to Participate in VAT Reform Pilot Scheme

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10 cities and provinces have officially applied to participate in the VAT reform pilot scheme so far, including Beijing, Chongqing, Shenzhen, Tianjin, Xiamen, Anhui Province, Fujian Province, Hainan Province, Hunan Province and Jiangsu Province.

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