Other Briefings
New Laws That May Affect Your China Business from January 1, 2024
As of January 1, 2024, a series of new laws and regulations affecting business practices in China will come into effect. It is of utmost importance for foreign investors engaged in various sectors to closely monitor and adapt to these significant changes.
China Issues Special Measures to Ease Market Access in the Hengqin Cooperation Zone
Recently unveiled guidelines for the Guangdong-Macao Cooperation Zone in Hengqin focus on enhancing financial services, promoting tourism, driving innovation, and expanding healthcare access. Noteworthy initiatives include market access relaxation measures like establishing Sino-foreign cooperative art colleges, wholly owned medical institutions from Hong Kong and Macao, and facilitating medical beauty services. These measures also underscore a strategic commitment to economic dynamism within the Greater Bay Area.
China’s Three-Years Action Plan to Boost the Business Environment in the Greater Bay Area
China unveiled a new Three-Year Action Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to boost financial sector openness and market access in key zones like Hengqin and Nansha.
China’s Revised Measures for the Administration and Registration of Formula Foods for Special Medical Purposes
China has unveiled a set of revised measures governing the administration and registration of formula foods for special medical purposes, effective January 1, 2024. These changes mark significant updates to the registration mechanism, responsibility system, and penalties in place.
Greater Bay Area Preferential IIT Subsidy for Foreign Talent in 2023/24
Zhuhai’s application deadline is January 5, 2024. Zhaoqing will close applications on January 20, 2024. Guangzhou’s application will end on February 29, 2024. Jiangmen and Zhongshan’s applications are yet to start.
Social Average Salary in China: An Explainer
In this article we explains what social average salary means, its composition, and why is it important in payroll calculation in China.
Key Points in the Application of Chinese Labor Laws to Foreign Employees
Foreign employee management has become one of the top concerns for many companies. In this article, we introduce the “special features” that apply to foreign employees in labor relations management.
2024 Import-Export Tariffs in China
We explain the adjustments to China’s import and export tariffs in 2024, including tariff waivers, reductions, and increases for certain commodities.
