The latest from China & Hong Kong

Emerging fraud threats aimed at finance staff in China: fake tax audit notices, impersonation and phishing, and the controls, training and response plans that reduce exposure.

If you keep accounting in-house in China, the value of a health check is in its structure. It walks the same ground the tax administration's systems now walk automatically, and it does so on your timetable rather than theirs. Here are the areas that most reward a careful look before audit season. 1. Invoice-to-revenue reconciliation The single most consequential check. Do your official invoices reconcile cleanly to your declared revenue? Because automated systems compare decl

Foreign founders often arrive in China with a reasonable assumption: keep clean books in the accounting software they already know, and hand the numbers to the accountant at year end. In most markets that works. In China it does not, and the reason is structural. Chinese tax compliance runs on a tight monthly, quarterly and annual rhythm with limited tolerance for late or incomplete filings, and the bookkeeping that feeds it has to be done to local standards from the outset,

China’s accounting framework is built on a centrally developed and tightly regulated system that reflects both international alignment and domestic policy priorities. For companies operating in China, understanding how accounting standards are adopted and applied is essential for ensuring compliance, accurate reporting and effective coordination with global group structures. In 2026, China Accounting Standards continue to evolve, with ongoing convergence toward international

Eine präzise Finanzverwaltung und die Einhaltung gesetzlicher Vorgaben sind essenziell für den Geschäftserfolg – ganz besonders in einem...

China is making a significant leap forward in the digital transformation of its accounting and financial systems. In 2025, a major...

China’s dynamic business environment presents both opportunities and challenges for companies operating in the region. Whether you're a...

Expanding into China presents significant opportunities, but navigating the country’s complex accounting and tax regulations can be challenging. A China accountant plays a crucial role in ensuring compliance, streamlining financial operations, and helping businesses make informed decisions. Why You Need a China Accountant for Your Business China’s accounting and tax system differs significantly from Western countries. Whether you are setting up a Wholly Foreign-Owned Enterpri

As businesses increasingly seek to expand their reach into international markets, China presents itself as a prime destination due to its...

Managing finances in China can be complex, especially for foreign companies unfamiliar with local tax regulations and reporting...

Operating a business in China comes with a unique set of challenges, especially in managing financial operations. The country’s...

As one of the largest economies in the world, China offers significant opportunities for businesses looking to expand their operations....

Navigating the financial and regulatory complexities of operating in China requires expert guidance. Whether you’re setting up a new...

China has been progressively implementing a fully digitalized electronic invoicing system, known as e-fapiao, to modernize its tax...

In today’s economic climate, businesses operating in China face unique challenges that make profitability increasingly difficult. Rising...

On August 30, 2024, the Beijing Municipal Internet Information Office, Beijing Municipal Commerce Bureau, and the Beijing Municipal...

When entering into contracts with suppliers in China, one crucial decision is selecting the appropriate currency for payments. This seemingly straightforward choice can have significant financial implications, affecting everything from transaction costs to risk management and supplier relationships. In this guide, we’ll explore key considerations for deciding between US dollars (USD) and Chinese yuan (CNY) or renminbi (RMB) in your contracts. By examining factors such as cur

The introduction of IFRS 18 has brought about significant changes that businesses must now incorporate into their financial reporting and...

Bookkeeping in China involves navigating a unique set of regulations and practices that differ from Western standards. Here’s an in-depth...

In China's dynamic business environment, accurate financial record-keeping is crucial for the success of Small and Medium-sized...