Other Briefings
Hong Kong Issues Guidelines on Transfer Pricing
HONG KONG, Jan. 7 – The Hong Kong Inland Revenue Department (IRD) recently released DIPN 46 to illustrate how transfer pricing principles will be applied in the territory. The 55 page document explains how OECD Transfer Pricing Guidelines will be practiced in Hong Kong particularly how OECD transfer pricing methodologies will work with its own […]
Hong Kong Schools with English Curriculums Face Applications Flood
HONG KONG, Jan. 7 – The 16 schools in Hong Kong that have opted to switch from a fully Chinese language curriculum to a fully English one are facing a flood of applications from parents. English was taken off the Hong Kong curriculum as a mandatory subject shortly after the handover of Hong Kong to […]
Sinopec Under Fire as Hong Kong Deserts Mainland Fuel
Jan. 6 – China Petroleum & Chemical Corporation or Sinopec is under investigation as Hong Kong drivers look for alternative fuel suppliers following reports of breakdowns related to adulterated liquefied petroleum. The state-owned company provides 75 percent of territory’s liquefied petroleum gas (LPG) needs including fuel for around 18,000 taxis and 2,000 minibuses. Hundreds of […]
BVI Companies Allowed to List in Hong Kong Stock Exchange
Dec. 17 – Companies incorporated in the British Virgin Islands (BVI) are now allowed to list in the Hong Kong Stock Exchange. The HKSE has agreed to accept applications from companies incorporated in the British Virgin Islands.
Macau Signs Renminbi Deal with Mainland
Dec. 15 – The Monetary Authority of Macau and the People’s Bank of China have signed a deal for a cross-border trade renminbi settlement program that will increase the amount of renminbi Macau residents can buy. Macau residents will now be able to purchase up to RMB20,000 per transaction compared to RMB14,000 previously. The agreement […]
First IP Court Set Up in Guangdong
GUANGZHOU, Dec. 10 – The country’s first exclusive intellectual property court was recently established in the Zhuhai National High-Tech Industrial Development Zone in Guangdong Province. The court will begin accepting criminal, civil and administrative cases related to intellectual property. The Guangdong High Court is hoping that a court dedicated to IP issues will be able […]
Major Bottling Company Demands Apology for False Arsenic Claims
Dec. 7 – Major bottling company, Nongfu Spring, is demanding an apology from the industry and commerce bureau of Haikou, Hainan Province for a claim that falsely charged its products of having high levels of arsenic. The bureau made the claims on November 24 with orders to remove products from shelves immediately only withdraw it […]
Hong Kong Offers to Cut Water Demand to Help Guangdong Drought
HONG KONG, Nov. 12 – Hong Kong authorities have offered to cut down on the territory’s water supply from Guangdong Province to alleviate the worst drought in 60 years. Water levels in Guangdong from August to September are only half of last year’s but the province has continued to supply 2 million cubic meters of […]
