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The Top Six Questions Foreign Employees May Have

employment law
As a foreigner working in China, you may encounter all kinds of legal issues. We are here in presenting the top six frequently asked questions and provide answers below: 1. Q: Employees can’t terminate their employment contract, otherwise they have to pay a penalty, correct? A:Incorrect, you can terminate the…

Tax boost for Hainan FTP

News
On 30 June 2020, the Ministry of Finance together with the State Taxation Administration released the <Circular about Preferential Enterprise Income Tax Policy for Hainan Free Trade Port>, and the <Circular about Individual Income Tax Policy for High-end and Urgently Needed Talents at Hainan Free Trade Port>. The two circulars…

Newly Released Negative List

On 23 June 2020, the National Development and Reform Commission and the Ministry of Commerce released the <Special Administrative Measures (Negative List) for the Access of Foreign Investment (2020)> (“Negative List”). According to the Negative List, from 23 July 2020 onward, the restrictions on foreign investments in securities, futures, life…

Individual Insolvency Law in Shenzhen

civil law, News
On 2 June 2020, the Standing Committee of the Shenzhen Municipal People’s Congress publicly solicited opinions on the 《Regulations on Personal Insolvency of the Shenzhen Special Economic Zone ( Draft for Comments, hereinafter “Draft”)》, which is the first local regulation in China to solicit opinions on individual bankruptcy. The main…