From China Briefing News
Alibaba’s Second Quarter Revenue, Special Number Plates for NEVs – China Market Watch
In this week's China Market Watch, we examine Alibaba's second quarter revenue, the plan to expand and open up China's healthcare industry, and the nationwide issuance of registration plates for new energy vehicles.
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Export Tax Rebates in China
While a useful channel for recovering the costs of input taxes paid, not all goods are subject to tax refunds upon being exported. Businesses must register for, and keep tax authorities updated on their exports eligible for VAT tax refunds. In this article, we look at the different types of tax rebates, and how to obtain them.
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China Work Permit Calculator: Find Your Tier
China’s new work permit system for foreigners was rolled out nationwide on April 1 this year, introducing a three-tier talent grading system for expatriates. Here, we present a work permit calculator which can help employers and expats research tier category before applying.
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New Retail in China: a Growth Engine for the Retail Industry
New Retail bridges e-commerce, physical retail, and logistics in order to improve the efficiency of selling and buying, and China is at the forefront of this new trend. In this article, we look at how traditional retailers can avoid becoming obsolete, and the opportunities New Retail has for foreign investors.
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Internal Control Review: Audit and Evaluation in China
An internal control review (ICR) might be the best step for foriegn companies to assess internal controls within their Chinese subsidiaries. Unlike annual audits, the ICR focuses on the specific management process in place. In this article, we investigate key considerations and specific steps involved to carry out an ICR.
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Filing Rules for FIEs Revised, Customs Clearance System Reformed – China Regulatory Brief
In this week's China Regulatory Brief, we look at the central clearing platform for online payments in China, the revision to filing rules for FIEs, and the customs clearance reform.
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New FASB Lease Accounting Standards Impact US Businesses in China
In February 2016, the FASB issued new lease accounting guidance which eliminates the historical concept of off-balance sheet treatment for “operating leases” for lessees for the vast majority of lease contracts. In this article, we look at the structure of the new lease model, and other accounting considerations for lessees.
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China’s Five-in-One Business License: Pressure Mounts for Foreign Businesses to Implement
The deadline for converting to Five-in-One business license is December 31, 2017. After this date, individual certificates held by the company, now encompassed by the Five-in-One system, will be deemed as null and void. In this article, we look at complications companies may face if they fail to meet this deadline.
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Hong Kong’s Startup Scene: the Future of Mainland–Hong Kong Economic Cooperation
Many entrepreneurs are attracted by Hong Kong's high rate of internet – particularly mobile – penetration, which has allowed for greater adoption of tech innovations. In this article, we explore the rise of Hong Kong’s startup scene, and the multitude of factors that have contributed to its emergence.
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AI in China: How AI Can Optimize Your Operations
Many business leaders across the world, including China, do not yet see AI as a priority; at least 40 percent of enterprises within traditional industries in China do not see AI as strategically important. However, 55 percent of near term gains from AI are set to come from productivity increases in labor.
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