Subscribe To China Now

strategy

2019 China-New Zealand Year of Tourism: Things to know

A mix of academics, policymakers, tourist attraction agencies and operators came ...

read more
View all in strategy

finance

Trade war will not derail China’s promise to open up its...

Road maps, timetables ‘already very clear’ and will be implemented, ...

read more
View all in finance

profile

Rt Hon Winston Peters - Remarks at Chinese New Year function

Minister of Foreign Affairs. Remarks at the Chinese New Year parliamentary event  ...

read more
View all in profile

commentary

New Zealand’s exports to China trump sales to Australia and the...

New Zealand’s goods and services exports are dominated by three key countries, ...

read more
View all in commentary

general

Mandarin language assistants welcomed

Forty eight Mandarin Language Assistants were officially welcomed to New Zealand ...

read more
View all in general

Tax and Finance

Price volatility signals the yuan is closer to becoming a global currency

Price volatility signals the yuan is closer to becoming a ...

By Gordon French, Asia-Pacific head of global banking and markets at HSBC. Gordon French says even with the current capital controls, it has become an attractive asset. The recent dip in the value of the Chinese currency surprised many in the markets, but it shouldn't have. The renminbi occupies a position all of its...

read more

Renminbi: good for business

Renminbi: good for business

By Gary Cross, Head of Global Trade and Receivables Finance, HSBC New Zealand In a struggling global economy, finding a competitive edge becomes all the more important, and a new HSBC survey indicates that for companies doing business in China, there are significant advantages to doing business in renminbi. The...

read more

RMB: Appreciation and reform not mutually exclusive

RMB: Appreciation and reform not mutually exclusive

By Ju Wang, Senior FX Strategist, Research, HSBC Markets (Asia) LimitedThe RMB has experienced increasing volatility in recent weeks in light of new regulations and strong inflows that have seen the currency touch record highs versus the USD. This highlights the interesting challenge faced by Chinese policymakers – how...

read more

Import-Export Taxes and Duties in China (With exclusive offer from Asia Briefing)

Import-Export Taxes and Duties in China (With exclusive ...

By Shirley Zhang, Dezan Shira & Associates Importing to and exporting from China generally involves three types of taxes:   Value-added tax; Consumption tax; and Customs duties.   1. Value-added Tax for Imported Goods Imported goods to China are subject to value-added...

read more

E-commerce and the Chinese consumer

E-commerce and the Chinese consumer

By Damon Paling, Partner PwC Shanghai E-commerce in China is forecasted to grow to an over US $350 billion industry by 2016 as internet connectivity expands and consumer purchasing power grows. Before a New Zealand company is online and making sales, they are faced with the challenging task of setting up their web...

read more

New wave of financial reforms set to increase  acceleration of Renminbi internationalisation

New wave of financial reforms set to increase ...

Continued reforms by The People’s Bank of China (PBOC) are set to further accelerate the use of Renminbi (RMB) in international trade and investment and reinforce the move towards full convertibility of the currency. Reforms such as the widening of the RMB daily trading band, recent capital account deregulation and the...

read more

RMB Use Internationally Picks Up but Still Well Short of its Potential

RMB Use Internationally Picks Up but Still Well Short of ...

In 2010, China’s currency, the renminbi, picked up pace toward becoming a world currency. In June the Chinese government extended its renminbi trade settlement scheme to include 18 provinces and cities, as well as Guangdong province and Shanghai, which are now allowed to handle all international service transactions and...

read more

Tax: Time to review your RO

Tax: Time to review your RO

With the latest changes in the Chinese tax legislation, it is time for NZ investors with Representative Offices (ROs) in China to review their business plan.   ROs have been used by many foreign firms as the initial step to enter the Chinese market. An RO is a legal extension of the foreign head company and...

read more

Navigating through Taxing times in China

Navigating through Taxing times in China

Let’s face it; tax is confusing enough as it is without the legislation itself being unclear. Thankfully, China’s State Administration of Taxation (“SAT”) recognised that its Corporate Income Tax (“CIT”) law had fallen into this trap. Recently, the SAT has issued Circular 79 to clairfy...

read more

What the HK Double Tax Agreement Means for You

What the HK Double Tax Agreement Means for You

A long overdue and rather exciting announcement (for those who get excited about tax) is that New Zealand and Hong Kong are entering into Double Tax Treaty negotiations. While we have had a double tax agreement with China since 1986, Hong Kong has never been part of this. All those investing in China know that often it...

read more

Hedging Your Currency Bets

Hedging Your Currency Bets

An article appeared in the New Zealand Herald a few months ago which examined the currency hedging practices of Kiwi exporters. The conclusion seemed to be "damned if you do, damned if you don't". We asked our good friends at the HSBC what they thought and what tips they might have for exporters that are considering...

read more

FINANCE: China tax alert for year of Tiger

FINANCE: China tax alert for year of Tiger

Chinese New Year is the longest and most significant festival in China. It officially got under way on 14 February this year, shifting from the Year of Ox to the Year of Tiger. While most Chinese New Year celebrations are taking place in China, many companies outside China would be busy seeking to stay on top of the...

read more

previous...