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Economy & Trade

EU-China Relations After the 2024 European Elections: A Timeline

07/19/2024

Timeline tracking key developments affecting EU-China relations, including trade and business engagement, under the new European Parliament.

China’s GDP Expands 5% in H1 2024

07/17/2024

China’s GDP expanded by 5.0 percent during the first half of 2024, aligning with the economic target set at the beginning of the year.

China’s Third Plenum: What to Watch for Foreign Investors

07/10/2024

The Third Plenary Session of the 20th Central Committee, held from July 15 to 18 in Beijing, is expected to unveil new economic policies and reforms.

China Reopening After COVID: Latest Developments and Business Advisory

07/10/2024

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.

China’s Industry Clusters - A Comprehensive Overview

07/04/2024

China's industry clusters foster economic growth by enhancing efficiency, innovation, and competitiveness through geographic concentration of interconnected businesses, suppliers, and institutions.

China-Poland Bilateral Relations: Trade and Investment

06/28/2024

We discuss China-Poland bilateral diplomatic relations, trade and commercial engagements, tax and multilateral treaties, and the scope of bilateral investment protection.

Tax & Accounting

Tax Audit in China: A Complete Guide

07/11/2024

In this article, we provide a comprehensive guide to tax audits in China, including typical processes, recent trends, as well as practical case studies.

China Monthly Tax Brief: June 2024

07/05/2024

Highlights from this monthly China tax brief include the increased duty-free quotas for Hong Kong and Macao residents entering the mainland, the tax policy regarding temporary import repair in the Shanghai FTZ, and Shenzhen's new measures to attract foreign investment.

Understanding IFRS 18: Key Updates for Financial Statement Presentation and Disclosure

06/11/2024

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 Monthly Tax Brief: May 2024

06/03/2024

Highlights from this monthly China tax brief include the new beneficiary owner reporting rules to be effective from November 1, 2024, the expanded tax incentives in the Qianhai Cooperation Zone, and the advance tax ruling measures implemented in Beijing and Maoning City.

Tax Implications for Businesses Under China's New Company Law

05/31/2024

Under the New Company Law, companies and stakeholders face new tax implications. Ahead of its implementation, thorough understanding, staying informed, and consulting legal and tax experts are essential for proactive risk management.

Greater Bay Area (GBA) IIT Subsidy Kicked Off in Shenzhen 2024

05/27/2024

The GBA IIT subsidy for foreign talents has officially kickstarted in Shenzhen. The city will accept relevant applications from May 15, 2024, to June 15, 2024.

Legal & Regulatory

Unlocking Opportunities: Hainan’s 2024 Encouraged Industries Revealed

07/19/2024

Hainan has officially launched the 2024 catalogue of encouraged industries, featuring 33 new additions compared to the 2020 edition.

Draft Standards for Personal Information Protection Compliance Audits - Key Guidelines for Companies

07/18/2024

The new draft standards provide useful guidance for companies in China to carry out personal information protection compliance audits proposed under draft measures in 2023.

China’s Regulatory Adjustments to Unlock Service Sector Potential in Six Cities

07/12/2024

China approved regulatory adjustments in six cities to open the service sector and attract foreign investment in medical institutions, eldercare facilities, tourism, entertainment, and telecommunication services.

Complying with New Registered Capital Rules under China's Revised Company Law

07/08/2024

Companies established before the new company law took effect on July 1, 2024, should note the timeline to adapt to the new registered capital rules in China.

China Issues Judicial Interpretations on the New Company Law's Applicability and Retrospective Effect

07/02/2024

The final version of the 2023 China Company Law came into effect July 1, 2024 and the Supreme People's Court has issued judicial interpretations regarding the application and effectiveness of the Company Law. While adhering to the principle that laws do not apply retroactively, the Interpretations clarify situations where provisions of the New Company Law take precedence.

China's Revised Company Law in Effect from July 1, 2024: Key Details Here

07/01/2024

The revised Company Law includes major changes to company capital rules, corporate governance structures, shareholder rights, and liquidation procedures.

Industries

China's Health Supplements Market: Trends and Opportunities for Businesses

07/16/2024

China's health supplements market, valued at US$45.5 billion in 2023, is growing rapidly due to increased health awareness post-COVID-19, with strong demand across vitamins, herbal products, sports nutrition, and weight management. We explore the latest trends and market dynamics.

China’s Booming Weight Management Market: Outlook and Trends

07/09/2024

Both established domestic and international companies, alongside emerging players, are employing innovative strategies to cater to China's weight management market, despite facing regulatory and competitive hurdles.

China’s Industry Clusters - A Comprehensive Overview

07/04/2024

China's industry clusters foster economic growth by enhancing efficiency, innovation, and competitiveness through geographic concentration of interconnected businesses, suppliers, and institutions.

Investing in China’s Wearable Medical Devices Market: Trends and Opportunities

06/26/2024

We provide an overview of China's wearable medical devices industry and deliver insights on emerging market trends and investment opportunities.

China’s Wine Market Outlook: Trends and Opportunities

06/14/2024

China's wine market, with new trends and shifting consumption patterns, present opportunities for foreign wine producers and exporters.

Navigating China’s Evolving Approach to Human Genetic Resources: Insights on Regulatory Changes

06/04/2024

China has transferred the management of human genetic resources to the National Health Commission, aiming to streamline regulations and foster biotech innovation by balancing oversight and reducing bureaucratic burdens. This shift is expected to enhance international collaboration, attract foreign investment, and expedite drug development in China.

HR & Payroll

China Expands the 144-Hour Visa-Free Transit Policy to 37 Ports - A Complete Guide

07/15/2024

China has expanded the 144-hour visa-free transit to 37 ports, with Zhengzhou in Henan Province and 8 more cities in Yunnan Province being able to benefit from this policy as of July 15, 2024.

China's Visa-Free Policies: Latest Updates

07/15/2024

In this aritcle, we look at all of the China visa-free policies that are currently in place and clarify who is eligible to benefit from them.

China Offers 5-Year Mainland Travel Permit to Non-Chinese Hong Kong and Macao Permanent Residents

07/03/2024

Starting July 10, 2024, a five-year multi-entry travel permit can be applied by non-Chinese permanent residents of Hong Kong and Macao, to facilitate travel to the Chinese mainland.

Navigating China’s New Employment Trends and Implications

07/02/2024

New employment trends are emerging in China's labor market amid structural challenges. Businesses should stay agile, invest in talent, and adapt to changing market dynamics to accommodate the implications. 

Maternity Leave in China: A Complete Guide

06/25/2024

In this article, we explore the duration of maternity leave in China’s major provinces, delve into the complexity of maternity allowance management, and highlight considerations specific to foreign female employees.

Guide to HR Compliance and Best Practices in China

06/19/2024

In our publication, "Guide to HR Compliance and Best Practices in China", we discuss key considerations from hiring to staff management and compliance with legislative updates and data security laws.

Technology

EU-China Relations After the 2024 European Elections: A Timeline

07/19/2024

Timeline tracking key developments affecting EU-China relations, including trade and business engagement, under the new European Parliament.

Draft Standards for Personal Information Protection Compliance Audits - Key Guidelines for Companies

07/18/2024

The new draft standards provide useful guidance for companies in China to carry out personal information protection compliance audits proposed under draft measures in 2023.

US-China Relations in the Biden Era: A Timeline

06/27/2024

Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.

New Data Security Risk Assessment Rules for Industry and Information Technology Sectors

06/13/2024

New trial rules clarify data security risk assessments requirements for companies processing core and important data in the industrial and IT fields.

China Releases New Draft Regulations on Generative AI

05/30/2024

China is striving to regulate generative AI while promoting innovation and technological advancement. The NISSTC has issued draft regulations outlining security measures for generative AI service providers, underscoring China's commitment to responsible AI development.

Shanghai Lingang New Area Releases Whitelists for Data Export, Facilitating Cross-Border Data Flows

05/22/2024

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.

Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
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