The 2021 Shanghai Foreign Investment Guide (hereinafter referred to as the 2021 Investment Guide), which is compiled by the Shanghai Foreign Investment Development Board, is released in both Chinese and English. The Investment GuideRead More
Have you heard that in the future, Shanghai Pudong District will implement the recommendation mechanism of Foreigner’s Permanent Residence? If it comes true, that would be a big benefit for the globalRead More
Affected by the global epidemic, China’s entry and exit management has become more stringent. Many foreigners have been blocked from China’s gates. Only then did they discover benefits from “green cards” (foreigners’Read More
Several memorandums, an agreement and a letter of intent are inked between Hong Kong and Shanghai during the fifth session of Hong Kong/Shanghai Cooperation Conference, Aug. 30, 2021. (Xinhua) HONG KONG, Aug.Read More
Starting next year, foreigners working in China may no longer be entitled to some tax-free fringe benefits (for example, housing rental, children’s education costs, and language training costs). This will result inRead More
The Pudong New Area in eastern Shanghai recently issued a new set of guidelines widely seen as a blueprint for the area’s future growth and development. They contain suggestions for new policy incentivesRead More
On April 28, 2021, China’s Ministry of Finance (MOF) and State Taxation Administration (STA) released the Announcement on Clarifying Policies on the Refund of Period-End Uncredited Value-Added Tax in Advanced Manufacturing Industries (MOFRead More
As a Hong Kong business entity, your company must prepare audited financial statements on an annual basis. Please make sure your financial transactions are handled based upon the Hong Kong accounting standards. So,Read More
Affected by the Covid-19 pandemic with more dangerous Delta variant virus, China has stopped issuing and renewing passports for non-urgent purpose to try to minimise travel amid the rapid spread of coronavirusRead More
Over the last few months, China has been quickly expanding the pilot program on electronic special value-added tax (VAT) fapiao (hereafter referred to as special VAT e-fapiao). First trialed in Ningbo, Hangzhou,Read More
