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China Is Keen on Tracking Large Cash Flows Now

January 12, 2020

In November 2019 the Chinese People’s Bank already announced the “Pilot Implementation of Large Amounts of Cash Management in Hebei Province, Zhejiang Province and Shenzhen” for public comments. Its aim is to manage the amount of large cash flows. According to the draft, the pilot will last for two years…

Foreign Investment Law breathes a sigh of relief for HR-services

foreign investment law, News

January 6, 2020

In order to achieve the objectives of the Foreign Investment Law (FIL), which came into effect on 1 January 2020, the Ministry of Human Resources and Social Security of the PRC has undertaken amendments to three particular departmental regulations as follows: Regulations on the Administration of The Sino-foreign Joint Venture…

Implementation Regulation on Foreign Investment Law of the PRC

China business basic, News

January 4, 2020

Implementation Regulation on Foreign Investment Law of the PRC was officially promulgated on December 31, 2019, to be effective from January 1, 2020. Let’s see what we got here: A. Main content The regulation stresses the principles of promoting and protecting foreign investments in China. 1. Equal treatment of investors…

First Case of Gay Marriage Registration in China

marriage law, News

January 4, 2020

On June 23, 2015, Sun Wenlin, who initially had planned to stay single, went to the Furong District Civil Affairs Bureau in Changsha City with his boyfriend Hu MinLiang to register their marriage on the first anniversary of their acquaintance. Although the marriage certificate is just a piece of paper,…

New Pilot Cross-Border E-Commerce Zones

News

December 31, 2019

On December 24, 2019 The State Council approved the establishment of “Pilot Cross-Border E-Commerce Zones” in 24 new Chinese cities. Those cities are the following: Shijiazhuang, Taiyuan, Chifeng, Fushun, Hunchun, Suifenhe, Xuzhou, Nantong, Wenzhou, Shaoxing, Wuhu, Fuzhou, Quanzhou, Ganzhou, Jinan, Yantai, Luoyang, Huangshi, Yueyang, Shantong, Foshan, Luzhou, Haidong, and Yinchuan.…

A Woman’s Body is Her Own Business- Recent Reproductive Case in China

Uncategorized

December 25, 2019

Egg freezing, also known as mature oocyte cryopreservation, is an effective way to preserve a woman’s fertility and allows her to have a child in the future. However, one hospital in China was sued by Ms. Xu because the hospital refused to provide egg freezing for her as a single…

Draft of VAT Law of PRC, What's Your Comment?

tax

December 16, 2019

On November 27th, 2019, the Ministry of Finance and the State Administration of Taxation have released the draft of a Value added Tax Law of the People’s Republic of China for public comments. As a matter of fact, China has gone through a series of reforms in its VAT collection…

How Much IIT a Foreigner Have to Pay in China

tax

December 13, 2019

The new Individual Income Tax law of PRC has come into effective for almost one year, but how to calculate the tax payable still remain a problem, particularly for foreigners working in China. This post will address some main issues related: 1. A foreigner could be a“resident individuals” individuals who…

Optimization of Business Environment

China business basic, foreign investment law

December 8, 2019

On Jan. 1, 2020, the Foreign Investment Law will come into effect. In addition, the Regulation on the Optimization of Business Environment will come into effect as well, which was promulgated on October 8, 2019. This is good news for people doing business in China. Let’s look at some highlights…

Further Utilize Foreign Investment

Basic China law, foreign investment law

November 20, 2019

On 7th of Nov, 2019, the State Council released the Opinions on Further Improving the Utilization of Foreign Investment, which put forward 20 measures to utilize foreign investment further. The measures could be divided into four aspects namely, deepening market openness to foreign investors, promoting investment, deepening reform to facilitate…