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News & Events
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New Policy of Accounting
2nd October, 2008
On 15 February 2006, China issued the new Accounting Standards for Business Enterprises (“ASBEs”) .The new ASBEs consist of a Basic Standard and 38 Specific …
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New Policy of Taxation
1st October, 2008
On 16 Match 2007,the National People’s Congress adopted the enterprise income tax law, which will be effective from 1 January 2008. It’s a key signal …
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New Law of Enterprise Bankruptcy in People’s Republic of China
26th September, 2008
A new enterprise bankruptcy law of PRC (the New Law) was introduced on August 27, 2006 and became effective on June 1, 2007, comprising 12 …
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Greasing the Wheels of Capital Flow-New Online Information System for Direct Investment Foreign Exchange Business
21st July, 2008
The State Administration of Foreign Exchange (SAFE) has decided to popularise a nationwide online Information System for Direct Investment Foreign Exchange Business (“System”) with effect …
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An economic update on China, just referencing some recent key figures, and some opinions of experts
27th June, 2008
China’s economic growth is likely to stay high but “may moderately slow down” this year, according to the country’s central bank. The Chinese economy had …
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Why Enterprises Need To Perform Customs Health Check
23rd June, 2008
The General Administration of Customs has recently issued an updated Administration Measures on Classification of Enterprises. In addition, the Ministry of Commerce and the GAC …
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High-Tech tax concessions in China
6th June, 2008
China’s new Corporate Income Tax (“CIT”) law provided an effective framework and incorporated various tax concession areas including the encouragement of technology. The tax authorities …
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Chinese Corporate Finance and International Trade Disputes
30th May, 2008
As announced in February of last year (2/15/2006), with the onset of the year new the 1,200 companies listed on the Shanghai and Shenzhen stock …
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China Corporate Red Tape
23rd May, 2008
China, with its huge market potential, has become very popular among investors worldwide. To be successful in China business, you need to understand the red …
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Why Outsource Your Account
25th April, 2008
With the rapid development of China, more and more foreign investors want to enter China market. Foreign investors will face some difficulties when they initially …
