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1.

Registration and Update Procedures for Foreign-Invested Businesses Revised

19 July 2018

In order to streamline the record maintenance procedures relating to the registration of foreign-invested enterprises (FIEs), the Ministry of Commerce (MOFCOM) has recently issued the Decision to Amen...Read More

2.

Pilot Free Trade Zones Reforms Approved for China-wide Implementation

17 July 2018

Many of the reforms trialed in the country’s Pilot Free Trade Zones are to be rolled out on a national basis, with the State Council calling on the relevant government departments to prioritise their ...Read More

3.

China Confirms Tax Cuts for Technologically-Advanced Service Companies

16 July 2018

Duly-accredited Technologically-Advanced Service Companies (TASCs) will be eligible to pay corporate income tax at a reduced rate of 15% as of 1 January 2018 under a new initiative jointly launched by...Read More

4.

CEPA Zero Tariff Extended to Hong Kong Pineapples, Titanium, Vitamins and Motors

13 July 2018

Mainland imports of four further categories of Hong Kong-originated goods are to be zero-tariffed from 1 July this year onwards....Read More

5.

China Issues Shortest-Ever Foreign Investment Negative List

12 July 2018

The number of sectors proscribed by the 2018 edition of China’s foreign investment negative list has dropped to 48, a fall of 15 compared to the 2017 list....Read More

6.

State Council Takes Action to Boost China’s Future Foreign Investment Levels

10 July 2018

In a bid to maximise future foreign investment levels, the State Council has approved 23 new facilitative measures....Read More

7.

China Clears Life-Saving Drugs for Accelerated Approval Process

9 July 2018

In a bid to accelerate the market entry process for certain priority drugs, the required registration procedures have been substantially revised....Read More

8.

Shanghai Looks to Streamline Cross-Border Trade Procedures

6 July 2018

In a bid to optimise the cross-border trade environment, the Shanghai Municipal Government has introduced a raft of new measures....Read More

9.

China Set to Turn Economic Windfall to Environmental Benefit

4 July 2018

In line with expectations of improved economic growth, the State Council has resolved to leverage upon this upturn in financial performance in order to take action against the deterioration in air qua...Read More

10.

Dedicated Area Set to Trial Hainan’s Future Free Trade Policies and Practices

3 July 2018

As a precursor to Hainan’s shift to full Free Trade Zone status, a move scheduled to be completed by 2020, a 298 sq km site on the east coast of Haikou, the island-province’s capital, is to be develop...Read More

11.

China Imposes Retaliatory Tariffs on US$50 Billion Worth of US Imports

29 June 2018

China is to impose additional import duties of 25% on some US$50 billion worth of US imports. The move, announced by the Customs Tariff Commission of the State Council, will affect 659 product categ...Read More

12.

China Commits to Expanding Imports, Cutting Tariffs and Promoting Trade in Services

28 June 2018

China is looking to increase its import of everyday consumer items, as well as medical, rehabilitation and senior care devices....Read More

13.

Accelerated Depreciation of New Equipment Purchases Allowed on Corporate Income Tax

26 June 2018

Mainland businesses have been given the go-ahead to deduct the full cost of new equipment (those with unit cost up to RMB5 million) – from the taxable corporate income in the purchase year....Read More

14.

China Scraps Customs Clearance Manifests in Favour of Online Processing

25 June 2018

As of 1 June 2018, the use of Customs Clearance Manifests for inbound / outbound cargo has been scrapped in line with a new directive from the General Administration of Customs (GAC)....Read More

15.

China Cuts Average Import Tax on 1,449 Consumer Products by 60%

22 June 2018

Import tariffs on some 1,449 consumer products are to be cut as of 1 July this year. The move, which will affect a wide range of goods, including cosmetics, pharmaceuticals and home appliances, was ap...Read More

16.

China Customs Reappraises Solid Waste Pre-Shipment Inspection Agencies

21 June 2018

The General Administration of Customs (GAC) is to have a watching brief over all pre-shipment inspection agencies active in the imported solid waste sector, while also being responsible for overseeing...Read More

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