Other Briefings
New Complimentary China City Guides Available from Asia Briefing
Asia Briefing has just revised and updated its China City Guide series – offering readers a brief and easy to read, yet immensely informative, introduction to the Chinese cities of Shanghai, Beijing, Hong Kong, Shenzhen, Guangzhou, Dalian, Tianjin, Qingdao, Hangzhou, Suzhou, Ningbo, and Zhongshan. All city guides are now available for complimentary PDF download.
Hong Kong to Return 75% of Salaries Tax to 1.5 Million Taxpayers
The Hong Kong Legislative Council passed the Inland Revenue (Amendment) (No.3) Bill on June 8, confirming that individual taxpayers will see a 75 percent deduction in salaries tax and tax under personal assessment payable for the year of assessment 2010/2011. The total reduction of each case will be subject to HK$6,000.
Guangzhou Encourages Better Utilization of Foreign Capital
South China’s economic hub – Guangzhou, recently issued a new official document emphasizing that the government will give more incentives to foreign direct investment attraction. The document pushes Guangzhou to have more sectors open to FDIs, offer more fiscal support as well as regulatory convenience, and build up better infrastructure.
Mongolia Connects to Hong Kong with Direct Flights and Consulate
May 31 – Mongolia has strengthened its ties with Hong Kong through the creation of a new consulate, and the establishment of bi-weekly direct flights to Ulaanbaatar. The links bring increased exposure to the financing and business opportunities in the country as Mongolia seeks to attract investors to help the nation develop its new-found wealth.
China as a Role Model for Green Economic Development
By Tommaso Carnaroli SHENZHEN, May 30 – The 3rd Nobel Laureate Symposium on Global Sustainability was held in Stockholm, Sweden on May 18 with the aim of preparing a document to be presented during the World Conference on the Environment which, exactly 20 years after its debut, will take place next year in the city […]
Guangdong Issues Regulations on the Administration of Foreigners
The Tentative Provisions attempt to solicit public supervision by providing rewards to entities or individuals that report foreigners who are illegally residing, working, or engaging in business activities in China. Furthermore, they prohibit the leasing of housing or provision of free housing to any foreigner who does not have a valid passport or whose visa has expired.
Shenzhen to Raise Fuel Surcharge for Red Taxis
Effective from April 23, 2011, the fuel surcharge for red Shenzhen taxis was raised from RMB2 to RMB3 per ride, making Shenzhen the city with the most expensive fuel surcharge in the country.
Hong Kong Promoted to Prime Center for Arbitration
The new Hong Kong Arbitration Ordinance enacted in November last year will take effect on June 1, 2011, the Department of Justice announced. The new will largely benefit arbitration parties and make Hong Kong a more preferred location for arbitration in the Asia Pacific Region.
