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Learning from Experience: The Hows and Whens of Hiring Interns in China

Tue, 11/25/2014 - 22:00

Companies in China often offer internships to young people looking to enter the job market, but the strict laws governing such arrangements in China can make legal compliance difficult for employers. In this article, we detail how and when China-based companies can take on local and foreign interns.

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Categories: China

Dezan Shira & Associates Global Speaking Events – Late November & December 2014

Tue, 11/25/2014 - 03:00

The accounting, tax and legal experts of Dezan Shira & Associates will be attending and speaking at several events across East and South China, and Germany in late November and December. Here we provide a list of such events, along with the relevant event and contact details to get meet our staff in person.

The post Dezan Shira & Associates Global Speaking Events – Late November & December 2014 appeared first on China Briefing News.

Categories: China

Applying for DTA Benefits in China

Mon, 11/24/2014 - 20:48

For foreign investors doing business in China, securing DTA benefits is an important measure for reducing tax burdens and thereby maximizing profit. In general, there are two pathways of administrative measures to be followed—either “approval” or “record-filing” with the relevant tax bureau—, depending on the type of relief being claimed.

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Categories: China

China Regulatory Brief: Approved Investment Directory, Guangdong Collective Contracts, Interest Rate Cuts

Mon, 11/24/2014 - 01:54

In this week's China Regulatory Brief, we discuss the release of the 2014 approved investment directory, changes to collective contracts in Guangdong, cuts to the benchmark interest and deposit rates by the People's Bank of China, and the rumored expansion of resource tax reform to rare earths.

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Categories: China

Case Study: Due Diligence in the Acquisition of a Chinese Company

Thu, 11/20/2014 - 20:11

As part of our mission to provide business intelligence on the legal, tax and operational issues of doing business in China, China Briefing presents here the next installment in a series of case studies, based on the practical experience of Dezan Shira & Associates professionals in conducting due diligence.

The post Case Study: Due Diligence in the Acquisition of a Chinese Company appeared first on China Briefing News.

Categories: China

Using Serviced Offices to Support Your China Growth Strategy

Thu, 11/20/2014 - 02:52

One lesser-known option available to foreign investors who are just starting out in China is the use of serviced offices (also known as “executive suites”), which can go a long way in reducing risk associated with the costs of entering an unknown market.

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Categories: China

Australia Secures Far-reaching Benefits in Free Trade Agreement with China

Wed, 11/19/2014 - 05:54

China and Australia concluded a Free Trade Agreement (FTA) on November 17 in Canberra, with Chinese President Xi Jinping and Australian Prime Minister Tony Abbott signing the official document after nearly a decade of negotiations.

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Categories: China

China Investment Roadmap: The Medical Device Industry – New Issue of China Briefing Magazine

Mon, 11/17/2014 - 21:05

The newest issue of China Briefing Magazine, titled “China Investment Roadmap: The Medical Device Industry,” is out now and available as a complimentary download in the Asia Briefing Bookstore through the month of November.

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Categories: China

China Regulatory Brief: FTAs with South Korea and Australia, FDI Accounting Firms in Pingtan and Coal Export Tariffs

Mon, 11/17/2014 - 00:37

In this week's China Regulatory Brief, we discuss pending free trade agreements (FTAs) between China and South Korea, and Australia, respectively, liberalization of FDI restrictions on accounting firms in the Pingtan Comprehensive Experimental Zone, as well as the revision of coal export tariffs.

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Categories: China

Shanghai-Hong Kong Stock Connect to Launch Nov. 17 – Interview with Prof. Terrill Frantz

Thu, 11/13/2014 - 23:52

On Monday, the Shanghai-Hong Kong Stock Connect is set to officially launch, after months of anticipation. The scheme aims to link up the stock exchanges of Hong Kong (HKSE) and Shanghai (SSE), allowing investors in either exchange to trade on both markets.

The post Shanghai-Hong Kong Stock Connect to Launch Nov. 17 – Interview with Prof. Terrill Frantz appeared first on China Briefing News.

Categories: China

Republican Congress Could Shape Obama’s Legacy on U.S. Investment in China

Wed, 11/12/2014 - 21:48

With the Republican Party reclaiming a majority in the U.S. Senate, it is fair to ponder what this will mean for American businesses with an international presence, such as in China, especially as President Obama's office comes to a close.

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Categories: China

APEC Gives Thumbs Up to Future Tariff Reductions Between China & WTO on IT Products

Wed, 11/12/2014 - 01:58

Arguably the biggest chunk of tangible business to come out of APEC this year has been an agreement between China and the United States - and potentially extending to the entire global structure of the WTO - to eliminate tariffs on Information Technology (IT) products, affecting a wide swath of products, from video games to medical equipment.

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Categories: China

Expecting in China: Employee Maternity Leave and Allowances

Tue, 11/11/2014 - 03:33

Maternity leave in China can vary widely by location, especially in terms of 'late maternity leave' as determined by the local government. In this article, we explain maternity and paternity leave in China and detail the payment of maternity allowances.

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Categories: China

Beijing-Promoted FTAAP Will Delay TPP, Driving US Companies to ASEAN for FTA Benefits

Mon, 11/10/2014 - 02:41

The main outcome of the Asia-Pacific Economic Cooperation (APEC) annual meeting in Beijing has been an agreement to launch a "strategic study" of a trade pact known as the Free Trade Area of the Asia-Pacific (FTAAP).

The post Beijing-Promoted FTAAP Will Delay TPP, Driving US Companies to ASEAN for FTA Benefits appeared first on China Briefing News.

Categories: China

China Regulatory Brief: Revised Foreign Investment Catalogue, SH-HK Connect

Mon, 11/10/2014 - 01:25

In this week's China Regulatory Brief, we examine changes included in the Revised Foreign Investment Catalogue, the announced date of the Shanghai-Hong Kong Stock Connect program, and liberalization measures in the Shanghai Free Trade Zone for the transportation industry and for parallel imports of automobiles.

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Categories: China

With Revised Guidance Catalogue, China Introduces Sweeping FDI Reforms

Thu, 11/06/2014 - 23:23

On November 4, the Chinese government released the latest update to the “Catalogue for the Guidance of Foreign Investment Industries,” outlining which industries shall be encouraged, restricted or prohibited for foreign investment.

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Categories: China

Shanghai: The Economic Nexus of China

Thu, 11/06/2014 - 03:46

Situated in the Yangtze River Delta (YRD) in east China, Shanghai aims to be the world’s global financial and economic center and international transport hub by 2020. In this article, Rainy Yao from Dezan Shira & Associates takes a closer look at this modern metropolis with its well-developed infrastructure and sound investment environment

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Categories: China

Qualifying for DTA Benefits in China

Tue, 11/04/2014 - 23:51

China has made great strides in the area of double taxation avoidance but qualifying for DTA benefits remains a complex procedure. Here we provide a list of countries that have ratified DTAs with China, and describe the legal workings of permanent establishment, special purpose vehicles, and beneficial ownership in the country.

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Categories: China

Hong Kong Murders And Expatriate Psychological Issues in China

Tue, 11/04/2014 - 08:00

The recent murder of two Indonesian women in Hong Kong raises significant issues concerning the mental health issues of expatriates in China and the culpability of their respective companies’ HR departments. In this article, we examine the possible ramifications of the incident.

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Categories: China

Breaking Up is Hard To Do: Terminating an Employee in China (Part 2)

Mon, 11/03/2014 - 22:08

In China, terminated employees are entitled to severance payments that vary in accordance with their tenure of employment. Here we present a step-by-step guide to ensure compliance and minimize the risk of litigation.

The post Breaking Up is Hard To Do: Terminating an Employee in China (Part 2) appeared first on China Briefing News.

Categories: China

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