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New Guidelines Introduced for SOE Overseas Investments

21 Aug 2017

New guidelines have been issued as to the financial management of state-owned enterprises (SOEs) making investments overseas. Outlined in the Ministry of Finance’s recently-published Measures for the ...Read More


Customs Announces End of Guaranteed Deposit System for Processing Trade

18 Aug 2017

Companies involved in the processing trade will no longer be required to use the bank guarantee deposit system. With the backing of the State Council, the General Administration of Customs announced t...Read More


Reform and Liberalisation Announced for Beijing’s Services Sector

17 Aug 2017

The State Council has called for the further reform of Beijing’s services sector. Following its 11 July session, the Council emphasised the need for sustained efforts to reduce market access restricti...Read More


China Looks to Ban Solid Waste Imports and Crackdown on Smuggling in the Sector

16 Aug 2017

China is to ban the import of 24 types of solid waste deemed to represent a particularly high risk of environmental pollution. To this end, the Ministry of Environmental Protection has informed the Wo...Read More


State Council Calls for Renewed Focus on Securing Overseas Investment

15 Aug 2017

The State Council has urged China’s business community to intensify its efforts to attract foreign investment, while looking to create an enhanced environment for ‘opening up’ at the highest level....Read More


Six-Point Artificial Intelligence Development Strategy Announced

14 Aug 2017

Six strategic objectives have been announced as China looks to the development of next-generation artificial intelligence (AI) systems in the run-up to 2030. These priorities were announced by the Sta...Read More


PPP Model to be Adopted for All Future Sewage and Waste Disposal Projects

11 Aug 2017

The public-private partnership (PPP) model has received official backing as the basis for all future sewage and waste disposal projects. A recent circular from the Ministry of Finance and a number of ...Read More


Action Plan Targets Fraud and Misleading Claims in the Food and Health Food Sectors

8 Aug 2017

An action plan for tackling fraud and false claims in the food and health food sectors has been jointly announced by the State Council’s Food Safety Commission and eight other government departments. ...Read More


Solid Waste Imports Curtailed as China Prioritises Environmental Protection

7 Aug 2017

The Ministry of Environmental Protection (MEP) has informed the World Trade Organisation of its intention to ban the import of 24 varieties of solid waste, including waste plastics, unsorted scrap pap...Read More


One-stop Registration and Banking Service Launched for Hong Kong Businesses Looking to Invest in Guangdong

4 Aug 2017

A one-stop business registration and banking service has been introduced for Hong Kong investors looking to launch a business in Guangdong. This new service – The Commercial Registration Bank-Governme...Read More


Guangdong Outlines Plans to Cut Logistics Costs

4 Aug 2017

Guangdong has recently released its Implementation Plan for the Cost-Reduction and Performance-Improvement Campaign Within the Logistics Sector. The campaign aims to lower the ratio of the province’s ...Read More


Mandatory State Insurance Contributions Set to be Reduced

3 Aug 2017

Contributions are to be reduced to pension insurance, medical insurance, unemployment insurance, work-related injury insurance, maternity insurance and the housing provident fund (known as the “five i...Read More


CFDA Issues New Rapid Food Testing Guidelines

2 Aug 2017

New guidelines as to the appropriate use of rapid food testing methods have been issued by the China Food and Drug Administration (CFDA). The guidelines – Opinions on Standardising the Administration ...Read More


Guangdong Issues 13th Five-Year Plan for Cold Chain Logistics Sector

1 Aug 2017

The 13th Five-Year Plan for the Development of Cold Chain Logistics has been released by Guangdong’s Department of Commerce. Under the terms of the plan, a new emphasis has been placed on the developm...Read More


Integrated Customs Clearance Reform Rolled Out on National Basis

31 July 2017

As of 1 July 2017, the General Administration of Customs has extended its revenue collection reform to cover all goods listed in all chapters and sections of the Regulations of the People’s Republic o...Read More


High-Tech Enterprise Tax Incentive Eligibility Updated

28 July 2017

The State Administration of Taxation (SAT) has recently issued a clarification with regards to the criteria by which any high-tech enterprise can be deemed to be eligible for the government’s advantag...Read More


New Measures Introduced to Promote VAT Reform in Construction and Other Service Sectors

27 July 2017

A supplementary circular with regard to the pilot programme of replacing business tax with VAT in the construction sector and several other service industries has been issued by the Ministry of Financ...Read More


Origin Requirements Simplified for Imports Transited Via Hong Kong and Macau

26 July 2017

The origin requirement with regards to goods transited via Hong Kong and Macau is to be simplified, according to a recent announcement by the General Administration of Customs (GAC). This is in line w...Read More


Environmental Protection Tax Law Set for 2018 Implementation Following End of Public Consultation

25 July 2017

The public consultation process with regard to the proposed Implementation Rules of the Environmental Protection Tax Law of the PRC was scheduled to finish on 26 July this year. Subsequent to this, Th...Read More


Provisions of New Three-Tier VAT Regime Announced

25 July 2017

In line with its policy of VAT reform, including the abolition of business tax in selected service sectors and the streamlining of the relevant tax bands, the State Council has announced a new three-t...Read More

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