We cover the latest economy and trade, legal and tax updates, industry insights, and HR and payroll news that are most relevant to doing business in China. Here are our top China news summaries.
Shanghai Lingang New Area Releases Whitelists for Data Export, Facilitating Cross-Border Data Flows
Shanghai’s Lingang New Area has released general data lists that will facilitate data export for companies in the automotive, biopharma, and mutual fund sectors.
Tianjin Free Trade Zone Releases China’s First Negative List for Cross-Border Data Transfer
The Tianjin Free Trade Zone has released China’s first data Negative List outlining the types of data that must undergo a security review by China’s cybersecurity bureau to be transferred out of China.
China’s New Measures to Support Foreign Investment in Sci-tech Firms
China seeks to attract sci-tech foreign investment by relaxing rules, fostering partnerships, and enhancing the investment climate.
Shenzhen’s Qianhai Cooperation Zone Expands Preferential IIT and CIT Policies
The Shenzhen Municipal Tax Bureau, Shenzhen Municipal Finance Bureau, and State Tax Administration have issued two notices broadening tax incentives for individuals and companies in the Qianhai Cooperation Zone.
China Adopted Rules for Complying with New Registered Capital Rules under the Revised Company Law
Companies established before the new company law comes into effect will have three years to adapt to new rules on registered capital in China.
China’s New Company Law: Considerations for Foreign Stakeholders and FIEs (update)
The New Company Law brings substantial changes with implications for new and existing foreign invested enterprises and stakeholders in China. Foreign investors must assess if adjustments to existing structures or new business negotiations are necessary.
Understanding IFRS 18: Key Updates for Financial Statement Presentation and Disclosure
The new IFRS 18 standard will impact all entities applying IFRS, influencing how they present and disclose financial performance. In this article, we explore the essential aspects of IFRS 18 and guide entities on the necessary steps to prepare for this upcoming standard.
China Reopening After COVID: Latest Developments and Business Advisory
Our daily updates on the latest events as they occur, together with ongoing advisory on how best to manage your China business exposure during COVID-19.
Trump v Biden: How Will the 2024 Presidential Election Outcome Impact US-China Relations?
As Trump and Biden vie for a second term in office, we discuss the potential impact of the 2024 US election on trade, diplomacy, and doing business with China.
China’s Revised Company Law in Effect from July 1, 2024: Key Details Here
The revised Company Law includes major changes to company capital rules, corporate governance structures, shareholder rights, and liquidation procedures.
Managing Recruitment Risks in China: A Comprehensive Approach
Recruitment carries inherent risks. Non-compliance with labor laws, as well as violations of employment equality and personal information protection regulations during the recruitment process, can result in administrative penalties or other legal consequences.
Investing in Zhangjiagang, Jiangsu Province: Economy, Key Industries and Opportunities
Zhangjiagang, located in the south bank of the Yangtze River in East China’s Jiangsu province, is a key trade and investment hub and an important transport link to Suzhou and Shanghai. The city is enjoying a period of rapid development and economic growth and is seeking to attract more investment in strategic and emerging industries.