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.
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.
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.
We discuss which supporting documents must be retained for continued access to China's tax incentives and the importance of collecting and preserving relevant documentation for asset loss deductions.
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Sign Up NowZhangjiagang, 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.
Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.
China FM Wang Yi's visit to New Zealand and Australia underscores efforts to strengthen economic ties and address differences.
We discuss the China-Australia bilateral relationship and future possibilities and challenges facing trade and investments between the two markets.
The recently proposed US tariff increases on Chinese imports, which include EVs, solar panels, and semiconductors, are anticipated to affect the prices of specific products within the US market and have tangible repercussions for Chinese exporters.
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.
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.
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.
This publication, updated in April 2024, is designed to introduce the fundamentals of doing business in Hong Kong. This guide covers corporate establishment, tax and audit, HR and payroll, and cybersecurity and data protection.
Hong Kong's Inland Revenue Department has issued the Individual Tax Return for the year of assessment 2023/24. Individual taxpayers are advised to start preparations early and allocate sufficient resources to meet the deadline.
China’s new beneficiary owner filing measures require business entities, except individually owned businesses, to submit their beneficiary owner information starting November 1, 2024, with a one-year grace period available for entities registered before that date.
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.
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.
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's Lingang New Area has released general data lists that will facilitate data export for companies in the automotive, biopharma, and mutual fund sectors.
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.
New trends and shifting consumption dynamics in China's chocolate market present numerous opportunities for foreign businesses and investors.
We note key aspects of the Certified Emission Reduction (CCER) Program relaunched by China and investment prospects for foreign stakeholders.
We discuss how establishing a waste recycling system is aligned with China’s broader conservation strategy and push for a circular economy.
China seeks to attract sci-tech foreign investment by relaxing rules, fostering partnerships, and enhancing the investment climate.
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.
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.
This publication, updated in April 2024, is designed to introduce the fundamentals of doing business in Hong Kong. This guide covers corporate establishment, tax and audit, HR and payroll, and cybersecurity and data protection.
We introduce China trade union funds system, examining sources, regulations, and payment methods. Additionally, we explore the current state of trade unions in China, with specific considerations for foreign-owned enterprises.
Starting May 15, 2024, foreign tourist groups traveling by cruise ships and organized by Chinese domestic travel agencies can enter China visa-free from ports in 13 cities and stay in eligible areas for 15 days.
Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.
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's Lingang New Area has released general data lists that will facilitate data export for companies in the automotive, biopharma, and mutual fund sectors.
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 has launched a pilot program in specific regions to relax foreign ownership restrictions on certain value-added telecommunication services. The program aims to attract foreign investment and boost market activity.
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing market entry, legal, accounting, tax, HR, technology and operational advisory to international investors.
Asia Briefing publishes articles, magazines, and guides on doing business in Asia. Dezan Shira & Associates has produced the publication since 1999.
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