Other Briefings
Bank of East Asia Declares Interest in Shanghai Listing
SHANGHAI, Aug. 14 – Hong Kong’s third largest bank, the Bank of East Asia has declared interest in listing in Shanghai following news earlier this week that HSBC is also set to list in the city next year. BEA’s deputy chief executive, Brian Li, made the comments yesterday in Taiwan following a ceremony to rename […]
New Stamp Duty Policy in Guangdong
GUANGDONG, Aug. 13 – The Guangzhou local tax bureau issued a notification last July 16 authorizing it to check and collect stamp tax beginning August 1. The period of the rate paying is one month, and the tax payer should be clarify and pay the tax before the 15th next month.
Swedish Government to Close Guangzhou Consulate by November
Jul. 29 – The Swedish government has announced the closure of their consulate in Guangzhou by November 30 along with one embassy and three other consulates-general due to budgetary constraints. On July 23, the government said on its website that they would close Sweden’s Embassy in Colombo and the Swedish Consulates-General in Guangzhou, Kaliningrad, Los […]
China Industry: Jul. 29
Jul. 29 – This is a regular series of relevant industry news from around China. Solar power Canadian Solar said it had received ISO/IEC17025 accreditation for its photovoltaic (PV) reliability testing center in Changshu, China. The center gained the accreditation from China National Accreditation Service for Conformity Assessment, which is solely responsible for the accreditation […]
Shenzhen Government Lowers Average Salary Benchmark
SHENZHEN, Jul. 23 – The Labor and Social Security Bureau has lowered the average pay scale in the city for the first time since 1999 in a salary reference document for employers released last Monday. According to Shenzhen Daily, the average salary in the city decreased by 3.8 percent to RMB2,750 per month compared to […]
Shanghai Expo 2010: The U.S. Pavilion
The 2010 World Exposition in Shanghai will be the first registered one in a developing country. Officially known as “Expo Shanghai 2010,” it will last 184 days and provide China an opportunity to show off its remarkable economic growth. The expo will also give foreign nations and companies a chance to further develop business partnerships […]
China Briefing Books Now Downloadable in PDF
Jul. 20 – The complete series of China Briefing’s popular legal, tax and regional guides are now available for purchase via PDF downloads here. Published since 2003 and regularly updated, available titles include guides to the legal procedures and investment implications of establishing Representative Offices, Wholly Foreign Owned Enterprises, Joint Ventures, Mergers & Acquisitions, Intellectual […]
Local Tax Bureau Cracking Down on Foreign Companies
SHANGHAI, Jul. 16 – Dezan Shira & Associates clients across the country are reporting a recent spate of unannounced visits to their premises by local tax bureau officials demanding to inspect books and inquiring about salary levels. In most instances, this has been followed by requests for additional tax payments, questions about expatriate staff salary […]
