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1.

China Updates Import Tax Policy for Key Technology Equipment

24 Jan 2020

財政部會同工業和信息化部、海關總署、稅務總局和能源局於2020年1月13日印發《重大技術裝備進口稅收政策管理辦法》(財關稅 [2020] 2號),進一步調整完善了重大技術裝備進口稅收政策管理辦法。...Read More

2.

China Streamlines Foreign Exchange Registration of Foreign Trade Businesses

24 Jan 2020

China has announced that foreign trade enterprises in pilot free trade zones are no longer required to submit the Filing and Registration Form of Foreign Trade Operators when applying for registration...Read More

3.

China Fully Opens Up Oil and Gas Exploration Market

23 Jan 2020

China’s Ministry of Natural Resources announced at a 9 January news briefing that the country will fully open up its market for oil and gas exploration and production to private and foreign companies....Read More

4.

China Updates Catalogue of Dual-Use Items and Technologies

23 Jan 2020

China’s Ministry of Commerce and the General Administration of Customs recently issued an updated Catalogue of Dual-Use Items and Technologies Subject to Import and Export Licence Administration (MOFC...Read More

5.

Government Further Supports Development of Private Firms

23 Jan 2020

China is set to create a more favourable business environment for private companies, following a recently issued policy directive, which eases market access for private firms, reduces their tax burden...Read More

6.

Commerce Ministry Issues 2020 Import and Export Licensing Directory

22 Jan 2020

China’s Ministry of Commerce recently issued its 2020 Directory of Import and Export Licence Issuing Administrations (MOFCOM Announcement No. 71 [2019])....Read More

7.

2020 Catalogue for Goods Subject to Import and Export Licensing Takes Effect

22 Jan 2020

As of 1 January 2020, China has updated its list of goods subject to import licensing....Read More

8.

China Updates Registration System for Foreign-Invested Enterprises

21 Jan 2020

China’s State Administration for Market Regulation has issued a circular (Guo Shi Jian Zhu No. 249 [2019]) on the work of registering foreign-invested enterprises in accordance with the country’s new ...Read More

9.

China Issues Expanded List of Cross-Border E-Commerce Retail Imports

21 Jan 2020

A total of 1,413 commodity codes have been included in the List of Retail Imports in Cross-Border E-Commerce (2019 Edition), which took effect from 1 January 2020....Read More

10.

China to Try Out Electronic Taxation Services

21 Jan 2020

China is set to trial electronic taxation services from 1 April 2020....Read More

11.

China Outlines Plans to Further Boost SME Finance Access

20 Jan 2020

The China Financial Stability and Development Committee has outlined four measures designed to help small and medium-sized enterprises (SMES) secure affordable financing....Read More

12.

PBOC Increases Limits for Macao Residents Remitting to Mainland Accounts

20 Jan 2020

The daily remittance limit for individual Macao residents to same-name accounts in mainland China has been raised from RMB50,000 to RMB80,000, and mainland banks will now process remittance payments i...Read More

13.

China Implements New Annual Returns and Reporting Procedures for Foreign-invested Enterprises

17 Jan 2020

New foreign investment information reporting procedures came into effect as of 1 January this year. As outlined in the Measures of the Foreign Investment Reporting System (MOFCOM Order No. 2 [2019]) –...Read More

14.

China Unveils Measures for Stabilising Employment

17 Jan 2020

Pressure to stabilise employment in China is growing as risks and challenges at home and abroad grow. Opinions on Further Stabilising Employment (Guo Fa No. 28 [2019]), a directive recently issued by ...Read More

15.

Full Details of Phase One of China-US Trade Agreement Released

16 Jan 2020

Full details of the Economic and Trade Agreement Between the Government of the People’s Republic of China and the Government of the United States of America, as signed by both parties in Washington, w...Read More

16.

China Issues Judicial Interpretation on Foreign Investment Law

16 Jan 2020

The Supreme People’s Court of the People’s Republic of China recently issued new guidelines on the laws applicable in cases involving investment contract disputes between subjects of equal standing....Read More

17.

Industrial Structure Adjustment Guidance Catalogue Takes Effect alongside New Import Tariff Concessions

16 Jan 2020

A new Industrial Structure Adjustment Guidance Catalogue (2019), released by the National Development and Reform Commission, came into force on 1 January 2020....Read More

18.

China and US Sign Phase One Economic and Trade Agreement

16 Jan 2020

China and the US formally signed their phase one economic and trade agreement on 15 January 2020, with Chinese Vice Premier Liu He and US President Donald Trump inking the papers in the White House....Read More

19.

2020 Import and Export Tariff Schedule Takes Effect

15 Jan 2020

In accordance with the Regulations of the People’s Republic of China on Import and Export Duties, the Customs Tariff Commission of the State Council has enacted a new Tariff Schedule of the People’s R...Read More

20.

Import Inspection Surveillance Cancelled for Textile Machinery and Other Goods

15 Jan 2020

In accordance with the relevant provisions of the Commodity Inspection Law of the People’s Republic of China and its implementation regulation, the General Administration of Customs has made adjustmen...Read More

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