Other Briefings
Shanghai to Spend US$45 Billion for Expo
SHANGHAI, May 31 – Shanghai is sparing no expense to make next year’s World Expo the most expensive one yet at US$45 billion, more than the money spent for the Beijing Olympics. The city is pushing through plans to upgrade infrastructure and build new transportation links despite the ongoing credit crisis. It will be an […]
Hangzhou Promises Clampdown on Illegal Software for Microsoft
May 18 – China’s east coast city of Hangzhou has promised to step-up enforcement of anti-piracy laws in exchange for investments from Microsoft. The city has laid out specific targets for enforcement and will encourage local companies to use legitimate programs. Microsoft’s investment plans in the city include two new technology centers that should make […]
Foreign Banks Post Profits Despite Industry Constraints
May 14 – Despite China’s constraints on its banking and financial industry, foreign banks reported robust profits from its business coming from the mainland; providing a respite from troubled U.S. markets. For HSBC Holdings PLC, mainland China was its fourth most profitable market last year at US$353 million in pretax profits an increase of 137 […]
Plans to Allow Foreign Companies to List in Shanghai Stock Exchange Underway
SHANGHAI, May 13 – Plans to allow foreign companies to list on the Shanghai Stock Exchange have already begun as well as the development of an international board. The local government has concluded an agreement with Britain that aims to improve the stock market. In a press statement of the agreement: “China agrees to allow […]
Shipping Tax Break for Foreign Ships Extended
SHANGHAI, May 12 – Shanghai’s local government has announced that it would extend the tax break for foreign-registered ships until June 30, 2011 in line with its goal of making the city a major international financial center and shipping hub by 2020. The Yangshan Port will also allow shipping companies registered there to be exempt […]
Shanghai Merges Economic Zones
SHANGHAI, May 8 – In a move aimed at streamlining the city’s shipping, business and manufacturing industries, the local government is combining the Nanhui District with the Pudong New Area under one government entity. The partnership of the Yangshan Deep-water Port and the Waigaoqiao Free Trade Zone will lead to better port and shipping policies […]
New China Briefing and Technical Guide Examine Transfer Pricing in China
May 4 – The May issue of China Briefing magazine is online and available for download (complimentary subscription available). Transfer pricing is a reality for most multinational companies in China, and with the implantation of the new Enterprise Income Tax Law, the arm’s length principle for pricing group transactions is now being actively enforced. In […]
Will the Chinese Market Save the Auto Industry?
By Joyce Roque SHANGHAI, Apr. 22 – If the ongoing 2009 Auto Show in Shanghai is any indication, automakers all over the world are hoping that Chinese demand will sustain them during these tough times. Porsche introduced its entry to the luxury sedan market during the eve of the auto show. It was the first […]
