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China Briefing Blog 
Provides news, analysis and commentary on economic, business and regulatory issues in China.
Post Frequency: 3.4/day Last Entry: May 25, 2010 at 04:47:32 Recent Entries: 561
By Andy Scott and Chris Devonshire-Ellis
Go to China Briefing Blog, find other International Law blogs, or browse all law blogs.
China FDI Up 7 Percent in August
Posted on September 17, 2009Sept. 17 – Foreign direct investment into China rose by 7 percent compared to the same period last year, the first rise in the past 11 months. Chinese state media reported that the mainland attracted US$7.5 billion in foreign investment during August...
Employee Allowances and Benefits Now Taxable
Posted on September 17, 2009Sept. 17 – China’s State Administration of Taxation (SAT) has announced that it will begin taxing certain employee allowances like telecommunications and transportation as part of its general campaign to require more companies to report their tax activities in detail and tighten tax collection...
China Clarifies Tax Deduction for Charitable Donations
Posted on September 16, 2009Sept. 16 – The Chinese Ministry of Finance, State Administration of Tax and the Ministry of Civil Affairs have jointly issued Caishui (2009) No 85; which deals with the first batch of Charitable Social Organizations (CSO) eligible for the deduction of charitable donations for income tax purposes...
Discovering Dalian?s High-Tech Zone
Posted on September 15, 2009By Gary Clubb DALIAN, Sept. 15 – Over a decade in the making, an ambitious series of high-tech development projects are now well underway in China?s northeastern port city of Dalian. Long a crucial player in both heavy and light industries, as well as distribution via shipping, Dalian is in the process of transforming itself into [...
New Procedures Issued for Customs Declarations
Posted on September 15, 2009Sept. 15 – China’s General Administration of Customs (GAC) has issued an announcement with a sample of the required additional documentation for assessing the value, classification and origin of goods effective October 1st. Following the GAC Announcement 49, “About Relevant Questions Concerning Additional Declaration of Imported and Exported Goods,” the additional forms will be used by [...
Hong Kong Nightlife Hub to Expand to Chengdu
Posted on September 15, 2009Sept. 15 – Hong Kong’s famous nightlife hub, Lan Kwai Fong, is set to expand to Chengdu by March 2010. The Hong Kong-based billionaire property developer, Allan Zeman, has announced plans to open another version of his Lan Kwai Fong branded leisure area in Chengdu...
China Tightens Double Tax Treaty Reporting
Posted on September 13, 2009Sept. 14 – The State Administration of Tax (SAT) has issued Circular 124 that further regulates tax administration for non-residents availing of the tax benefits provided by double tax treaty arrangements on their income from China. Foreign executives based in China for limited periods over a 12 month time frame currently may not have to declare [...
Foreign Invested Partnership Rule Opens New Avenues for FDI
Posted on September 11, 2009Sept. 11 – China’s Ministry of Commerce is finalizing the details of a draft regulation that is expected to be officially released by Beijing soon that allows foreign entities to apply for business licenses as a foreign invested partnership (FIP)...
China Tax Issues Concerning Employee Stock Options
Posted on September 11, 2009Sept. 11 – The State Administration of Tax has issued Circular 461 to provide guidance to previous Circulars 5 and 35 concerning the individual income tax treatment for employment-related Stock Appreciation Rights (SARs), and Restricted Stock (RS)...
Mobile Phones Now a Payment Tool
Posted on September 11, 2009SHANGHAI, Sept. 11 – China Unicom has just launched a new program in Shanghai that allows mobile phones to be used for paying taxi, bus and subway fares and soon for shopping as well. The company will provide users with a fare-settlement chip attached on the back of SIM cards...
Standard Chartered Issues Unique HK$150 Banknote
Posted on September 10, 2009HONG KONG, Sept. 10 – The Standard Chartered Bank of Hong Kong will be issuing a unique HK$150 note to celebrate the 150th year of the bank’s operations in the city. The bank is the only one of three bank note issuing banks in the territory thus making the commemorative notes legal tender there and also [...
Bank of China to Provide Swiss Investment Funds in RMB
Posted on September 09, 2009Sept. 9 – The Bank of China is set to launch a range of Swiss-based funds, denominated in renminbi to provide international-based investments to its wealthy clients and also ensure the money does not leave China. The funds are being rolled out by the Bank of China (Suisse) Fund Management, a Geneva-based private bank and the [...
China to Gradually Reduce Equity Limits for Stock Listing
Posted on September 09, 2009Sept. 9 – Limits on corporate equity stake proportion in investment will gradually be reduced to allow more foreign-invested enterprises to list in the country’s stock market, reports China Daily. China’s Minister of Commerce, Chen Deming, spoke with China Daily during the 13th China International Fair for Investment and Trade held in Xiamen...
China Industry: Sept. 10
Posted on September 09, 2009Sept. 10 – This is a regular series of relevant industry news from around China. Solar power Shi Zhengrong, founder and chief executive of Chinese solar giant Suntech Power backtracked on last week’s statement that his company had cut solar panel prices in the United States below production cost, saying he misunderstood a reporter’s question...
China Sector Watch: Pharmaceuticals
Posted on September 08, 2009This ongoing series takes an in-depth look at the industries that are shaping the Chinese economy today. By Joyce Roque SHANGHAI, Sept. 8 – Last year, when Vicky Zhang got sick with pneumonia she went to a public hospital in Shanghai’s Pudong district...
Tax Clarification on Director?s Fees, 13 Month Salaries
Posted on September 08, 2009Sept. 8 – The State Administration of Tax (SAT) issued Circular 121, clarifying four areas of individual income tax policy (IIT) namely director’s fees, 13 month salaries, criteria for recognition as a Chinese national residing overseas, and property splits associated with divorce...
New Bank Department To Handle RMB Global Development
Posted on September 08, 2009Sept. 8 – China?s central bank, the People?s Bank of China (PBOC), will establish a Second Monetary Policy Unit to deal with a wide range of commercial issues concerning the use of the renminbi in international trade, investment, swaps and foreign aid...
Beijing Relaxes Private Flight Plan Applications
Posted on September 06, 2009Sept. 7 – China has relaxed applications for private flight plans from six days to just three hours, a move that will likely lead to a boom in the private jet travel business. The decision means it is now possible for a Chinese registered Airbus A318 elite or Gulfstream 200 to file a flight plan with [...
Northeast Asia Cooperation Forum Promotes Regional Development
Posted on September 04, 2009CHANGCHUN, Sept. 4 – The 5th Northeast Asia Investment and Trade Expo opened on Tuesday in Changchun, the capital of Jilin Province. The six-day event focuses on strengthening regional cooperation and finding opportunities and challenges to coping with the global financial crisis...
Eurocham Paper Critical of China?s Protectionist Measures
Posted on September 03, 2009Sept. 4 – The European Chamber of Commerce in China (Eurocham) has released a position paper critical of China’s progress on World Trade Organization reforms and cites the rising of trade barriers and the squeezing out foreign competitors from domestic markets...
Logistics Investment Plan to Boost Chongqing?s Infrastructure
Posted on September 03, 2009Sept. 3 – The country’s top economic planner,The National Development and Reform Commission, recently gave the green light to Chongqing’s “Three Bases and Four Ports” logistic investment plan according to a report made by the Shanghai Securities News...
China?s Manufacturing Registers Fastest Growth in 16 Months
Posted on September 02, 2009Sept. 2 – Mainland China’s manufacturing grew at its fastest pace in 16 months according to the purchasing managers’ index (PMI) compiled by the China Federation of Logistics and Purchasing. The index jumped to 54 last month from 53...
China Industry: Sept. 2
Posted on September 02, 2009Sept. 2 -This is a regular series of relevant industry news from around China. Solar power Chinese photovoltaic (PV) maker Trina Solar said earnings per average diluted share topped US$0.71 for the second quarter of fiscal 2009, thanks to a drop in polysilicon prices...
New Issue of China Briefing Asks ?Are You (Really) in Control of Your China Operations??
Posted on September 01, 2009Sept. 1 – The September issue of China Briefing magazine is out now and available for download (click on the image ? subscription required, however this is complimentary). With investment down and pressure mounting on foreign companies to streamline costs in China, we take a look in this month’s China Briefing at some common legal and [...
Customs Department Clarifies Outsourced Processing Trade Procedures
Posted on September 01, 2009Sept. 1 – China’s General Administration of Customs has issued a circular clarifying the administration procedures for trade companies outsourcing their processing businesses and relevant H2000 administrative systems. Circular 51 confirms that processing trade companies with limited production capacity and technical capabilities can outsource their processing operations; pending approval of the local customs office...
New Transfer Pricing Regulations on Overseas Royalties Released
Posted on August 31, 2009Sept. 1 – Local tax bureaus around the country are scrutinizing outbound royalty payments to related parties overseas, in response to Circular No.363, ?Notice of SAT on Reinforcing the Monitoring and Investigation of Cross-Border Related-Party Transactions...
Hong Kong Proposes Acceptance of Mainland Auditors
Posted on August 30, 2009Aug. 31 – The Hong Kong Stock Exchange (HKSE) has proposed allowing mainland companies listed in Hong Kong to submit their accounts using mainland China’s accounting standards and auditors. Currently, Hong Kong uses a different set of accounting standards from the mainland...
China Remembered: China Joins the WTO
Posted on August 28, 2009By Chris Devonhire-Ellis Aug. 28 – It seems such a long time ago now, but China?s joining of the WTO only occurred eight years ago, in November 2001. Today it is taken for granted. However, without doubt there was a pre-WTO China, and a post-WTO China, and the two beasts have proven to be very different...
Top Australian Investment Bank Enters China?s Finance Market
Posted on August 28, 2009SHANGHAI, Aug. 28 – Australia’s largest investment bank, Macquarie Group, has entered into a trust company joint venture in China to offer yuan-dominated products, arrange domestic debt and equity financing, according to Xinhua. The joint venture (JV) called the Sino-Australian International Trust Co...
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If you need a freight forwarding services provider in China I advise Goway Logis...
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Libel is the form of defamation expressed in fixed-- usually written form. Sland...
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