“Author Archive”

Setting Up a Wholly Foreign-Owned Enterprise in China

Using China WFOEs in the Service and Manufacturing IndustriesSept. 11 – A wholly foreign-owned enterprise (WFOE) is a company established in China according to Chinese laws and wholly owned by one or more foreign investors. A WFOE is a limited liability company, meaning that the liability of the shareholders is limited to the assets they [...]

Sep 26 2013, 8:15 am | Posted in Investment Relations | Read More »

China’s SIPO Issues FAQs Relating to Patent Law

With the view to facilitate a better understanding of the country’s Patent Law, China’s State Intellectual Property Office (SIPO) has issued a set of frequently asked questions regarding various patent issues in the country. The answers provided are based on existing regulations. Detailed information can be found below. Q: Can computer software be patented in China? [...]

Sep 19 2013, 8:43 am | Posted in Intellectual Property | Read More »

China to Further Enhance Consumer Rights

On April 28, 2013, China released the “Draft Amendment to the Consumer Protection Law (hereinafter referred to as the ‘First Draft’),” which is the first revision to the country’s Consumer Protection Law. The First Draft aims to further protect consumer rights and boost domestic demand in the country, and has made revisions to the current [...]

Sep 13 2013, 8:38 am | Posted in Investment Relations | Read More »

Qianhai Rolls out Recognition Policies for Foreign Talent

qianhai

The Administration Bureau for Qianhai Shenzhen-Hong Kong Modern Service Industries Cooperation Zone (hereinafter referred to as ‘Qianhai Administration Bureau’) released the “Implementing Rules for Regulations on Identifying Overseas High-End Talent and Professionals in Short Supply in Qianhai (shenqianhai [2013] No.115, hereinafter referred to as the ‘Rules’)” on August 13, which put forward the standards for an [...]

Aug 29 2013, 8:30 am | Posted in Human Resources | Read More »

China Strengthens Enforcement of 24-Hour Registration Rule for Foreigners

China’s new Exit and Entry Law, which came into effect on July 1, 2013, requires all foreigners to register with their local public security bureau within 24 hours of arrival in the country, and failure to do so will result in a maximum fine of RMB2,000. The new Exit and Entry Law has laid down [...]

Aug 22 2013, 9:38 am | Posted in Visas | Read More »

Shenzhen Issues FAQs on Tax Exemption Policy for Small and Micro-Sized Enterprises

China Released the “Circular on Temporary Exemption of Value-added Tax (VAT) and Business Tax (BT) for Certain Small and Micro-Sized Enterprises (caishui [2013] No.52, hereinafter referred to as the ‘Circular’)” on July 29, which stipulates that certain small-scale VAT taxpayers and BT taxpayers with monthly sales amounts not exceeding RMB20,000 may be temporarily exempted from VAT and [...]

Aug 15 2013, 8:56 am | Posted in Taxation | Read More »

China’s Criminal Law Tackles Bribery of Foreign Officials

Billion-dollar investments by Chinese companies into developing countries within Asia, Africa and South America have made international headlines in recent years. However, with the growing overseas presence of Chinese firms, a new corporate management issue has been brought to the attention of the Chinese government concerning the bribery of foreign officials by Chinese companies. In [...]

Jul 30 2013, 10:32 am | Posted in Criminal | Read More »

China Looks to Transform Its Financial Sector

China’s State Council issued the “Guiding Opinions on Financial Support for Adjusting, Transitioning and Upgrading of the Economic Structure (guobanfa [2013] No.67, hereinafter referred to as ‘Opinions’)” on July 5, which reiterate that the government will maintain a prudent monetary policy and a reasonable money and credit supply to support economic restructuring. Detailed information can be [...]

Jul 24 2013, 1:06 pm | Posted in Finance | Read More »

China’s Banking Crisis Coming to an End?

crown

China’s cash liquidity crisis has caused concern in the country after initially starting off in May and culminating with the overnight Shanghai Interbank Offered Rate (SHIBOR) reaching a historic high of 13.44 percent and transaction rates spiking to 30 percent on June 20. According to the People’s Bank of China (PBOC) – China’s central bank [...]

Jul 4 2013, 8:55 am | Posted in Finance | Read More »

Fitch Warns Over Massive China Credit Bubble

be5de5a1a43f1635aaa04f00512f802e_thumb_Fitch-says-China-credit-bubble-unprecedented-in-modern-world-history

Fitch Ratings, the global credit ratings agency, has warned that the extent of credit in China has become so extreme that the country would find it very hard to grow its way out of such excesses as in the past, triggering fears of tougher economic times on the horizon. “The credit-driven growth model is clearly [...]

Jun 20 2013, 9:05 am | Posted in Featured,Investment Relations | Read More »

The Contributor

China Briefing is a monthly magazine and daily news service about doing business in China. We cover topics relating to the Chinese economy, the market in China, foreign direct investment and Chinese law and tax. It is written in-house by the foreign investment professionals at Dezan Shira & Associates.

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