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China Unifies National Investment Approval Protocols

22 March 2019

Nationwide standard designations have been made mandatory for all required documentation and administrative approval processes relating to investment applications. In line with this, no government dep...Read More


China is Set to Cut Business VAT and Mandatory Pension Contributions

21 March 2019

The VAT rate for mainland businesses is to be cut as of 1 April this year. In the manufacturing sector (and related industries) it is to fall from 16% to 13%, while in the transportation, construction...Read More


China Grants Overseas-Based Investors National-Level Protection

21 March 2019

A new law guaranteeing overseas-based investors the same rights and entitlements as their mainland counterparts has been formally approved by the 13th National People’s Congress (NPC)....Read More


Private Mainland Businesses to Get Bespoke Financial Services and Easier Loan Access

21 March 2019

Private businesses are set to enjoy better targeted financial services and easier access to loan facilities under the terms of a directive jointly-issued by the General Office of the CPC Central Commi...Read More


China Announces Plans to Fully Open-Up Elderly Care Market

20 March 2019

An action plan for enhancement of public services, including the comprehensive opening-up of the elderly care market, has been jointly-issued by the National Development and Reform Commission and seve...Read More


Guangdong Looks to Optimise Greater Bay Area Customs Clearance Procedures

19 March 2019

Guangdong has initiated 32 reforms intended to enhance the commercial operations of the province’s ports....Read More


Shenzhen Small Businesses Set for Local Tax Reductions

18 March 2019

Shenzhen-based small businesses are set to benefit from a range of VAT-related local duty reductions, according to a circular recently issued by the city’s Tax Service....Read More


China Cuts VAT Liability of Rare Disease Drugs

15 March 2019

A new strategy designed to boost the development of medical treatments for less common ailments, while reducing costs for patients, has been jointly unveiled by the Ministry of Finance and three other...Read More


China Announces Plans for Random Inspections in 25 Business Sectors

14 March 2019

Market regulation is to be enhanced, while the unified random inspection system is expected to be more widely deployed, according to a recent statement from the State Administration for Market Regulat...Read More


Hainan Outlines Accounting and Auditing Sourcing Protocols

13 March 2019

The Hainan Institute of Certified Public Accountants has released the findings of the latest assessment of accountancy and auditing firms conducted by the China Institute of Certified Public Accountan...Read More


China Issues Extended VAT Exemptions for Seed and Livestock Imports

11 March 2019

In line with the 13th Five-Year Plan’s commitment to continuing the policy of exempting certain plant and livestock imports from VAT, detailed plans have been drawn up for the administration and imple...Read More


Guangdong Identifies Six Greater Bay Area Development Priorities

8 March 2019

The Guangdong Provincial Government has confirmed its commitment to the future development of the Guangdong-Hong Kong-Macao Greater Bay Area prior to the publication of two of its key strategy documen...Read More


Government Work Report Defines Future Mainland Economic and Social Objectives with reduced Corporate Burdens

8 March 2019

Over the next 12 months, the mainland’s primary economic and social development goals are set to include GDP growth of 6%-6.5%, urban unemployment of about 5.5%, inflation of about 3% and the basic ba...Read More


China Expands VAT-Exemptions for Elderly Care and Medical Service Providers

8 March 2019

All elderly care institutions established in accordance with the Law on the Protection of the Rights and Interests of the Elderly and with all the required documentation duly filed with the appropriat...Read More


China Cancels 25 Administrative Approval Requirements

6 March 2019

Business names will no longer require pre-approval, while a preliminary review will no longer be mandatory prior to the registration of certain products....Read More


China Announces Support for Bonded R&D in Comprehensive Bonded Zones

4 March 2019

Additional support is to be provided for bonded research and development (R&D) activities within China’s comprehensive bonded zones....Read More


Greater Bay Area to Introduce Eight Facilitation Measures

4 March 2019

At the second plenary meeting of the Leading Group for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area held on 1 March 2019, the Central Government set out eight policy measures for ...Read More


Greater Bay Area Health Bodies Sign Six-Point Formal Co-operation Agreement

4 March 2019

The 25 February signing of the Guangdong-Hong Kong-Macao Greater Bay Area Health Co-operation Consensus saw 62 health co-operation projects across the wider region given the formal go ahead....Read More


China Gives Go-ahead for Commissioned Processing in Comprehensive Bonded Zones

1 March 2019

Enterprises operating in comprehensive bonded zones may now use duty free equipment to process work commissioned from outside such zones, as well as on goods supplied from outside the zone....Read More


Qianhai Looks to Woo High Level Staff via Financial Incentives

28 Feb 2019

The Qianhai Authority and the Finance Commission of Shenzhen have jointly announced the introduction of a series of income tax breaks, with the move intended to help attract a high level of experience...Read More

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