Hong Kong Amends Mandatory Contribution Levels for MPF
Hong Kong has recently passed legislation that will amend the maximum level of relevant income for compulsory Mandatory Provident Fund (MPF) contributions, effective from June 1, 2012.
Huizhou Launches Enterprise Registration and Examination Reform
The Huizhou government held a mobilization conference on May 17 to officially launch its enterprise registration and examination trial reform.
China Customs Revises Hong Kong CEPA Ad Valorem Definition
China’s General Administration of Customs has decided to revise Article 6 of the “Provisions on the Implementation of the Rules of Origin for Trade in Goods under the Closer Economic Partnership Arrangement (CEPA) between Mainland China and Hong Kong.”
2012 Annual Compliance Reports for Shenzhen Representative Offices
Apr. 16 – According to the new “Regulations on the Registration and Administration of Representative Offices of Foreign-Invested Enterprises (guowuyuanling No.584)” (Regulations), representative offices (ROs) of FIEs registered and established before December 31, 2011 are required to submit the annual compliance report to the local registrars before June 30, 2012. Those who failed to file […]
Guangdong Streamlines the Registration Process for Foreign-Funded Companies
A new streamlined registration and approval process for foreign-funded companies will be run across nine cities along the Pearl River Delta. The newly revamped procedures are currently being trialed in Dongguan, Foshan, and Guangzhou.
South China’s Gaolan Port Economic Development Zone Promoted to NETDZ
Apr. 10 – In late March, China’s State Council approved the promotion of the Gaolan Port Economic Development Zone to become the first national economic and technology development zone (NETDZ) on the west bank of the Pearl River Delta. The newly-promoted zone has been named the “Zhuhai Economic and Technological Development Zone.” Gaolan is roughly […]
AmCham South China 2012 Special Business Report
“2012 Special Report on the State of Business in South China” and “White Paper” on the business environment in China now available GUANGZHOU, Mar. 2 – The American Chamber of Commerce in South China launched its annual “2012 Special Report on the State of Business in South China” as well as its “White Paper” covering […]
Shenzhen Considers Raising Pension Contribution Rate
China’s southern city of Shenzhen is mulling a plan to lift the employer contribution rate for pension premiums by a further 3 percent.