Other Briefings
Shenzhen Adopts New Housing Fund Rates
SHENZHEN, Nov. 15 –Shenzhen has adopted new contribution rates for the city’s housing fund, set to take effect on December 1, 2010. The new rates will be from 5 percent to 20 percent as decided by the employer. The fund will use the average wage of the employee from the previous year as the lower […]
Using Hong Kong as a Base for China – The Tax Advantages
By Jennifer Lu, Dezan Shira & Associates HONG KONG, Oct. 5 – Double taxation arises when two or more tax jurisdictions overlap, such that the same item of income or profit is subject to tax in each. In Hong Kong, which has adopted the territoriality basis of taxation, only income or profits sourced in Hong […]
New Issue of China Briefing: Using Hong Kong Companies for China Operations
Sept. 30 – In the October issue of China Briefing Magazine we look at the special administrative region of Hong Kong and the advantages a Hong Kong company can provide for business operations in Mainland China. Hong Kong remains one of Asia’s top metropolises for international business and, since its return to the People’s Republic […]
Guangdong Gov’t Accelerates Financial High-tech Service Industry
Aug. 26 – The Guangdong provincial government approved a plan to create a new financial services investment park last week aimed at accelerating the financial high-tech service industry in the province. According to the plan issued on August 17, the government will build a financial services industrial park that will feature R&D centers, data processing […]
Investing in Shenzhen, China’s Main Export Hub
Aug. 26 – Shenzhen celebrates the thirtieth year of its unique status of being a Special Economic Zone today, a development that ushered the entire redevelopment, reform and opening up of the entire country. Once a small fishing village, it was chosen by Deng Xiaoping to be the first of the special economic zones in […]
Import Tax on Mail to Impact Mail Orders from Hong Kong
HONG KONG, Aug. 4 – China’s new Customs tax on personal mail, which begins September 1, will effectively end the practice in Hong Kong of earning commissions for sending packages to Mainland China. The new regulations will impose an import tax on personally mailed items into China. For individuals sending or receiving items from Hong […]
TOM Group–China Post JV Announced
HONG KONG, Aug. 4 – TOM Group, Hong Kong’s media and communications giant, announced plans for the formation of a massive joint venture with China’s postal service to create the mainland’s largest e-commerce services provider. The JV, to be named Beijing Ule E-Commerce, will be 51 percent owned by China Post. TOM Group is investing […]
Pro-Cantonese Protesters Rally in Guangdong
GUANGZHOU, Aug. 2 – Hundreds of people gathered in Guangzhou on Sunday in a show of support for the local Cantonese dialect, leading to scuffles with police and the brief detention of a small group of reporters and protesters. The gathering was sparked by a government proposal to switch local television programming from Cantonese to […]
