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Implementing an Internal Control System for your China business
For many small to medium size companies it is difficult to implement an efficient internal control system for your China Business, to...


A corporate health check can ensure the longevity and success of your China business
How do you know if your China business is healthy, and its current operations comply with local tax laws and regulations? Doing a regular...


The secret behind the success or failure of the ERP system for your China business
In the fast-changing and highly competitive Chinese market, many foreign companies fail to achieve their goals simply because they...


Local idiosyncrasies in China to consider when creating an internal control system for your business
Though many foreign companies may feel it is easier to transplant their own internal control systems to their China business without...


The importance of keeping a clean balance sheet for your China business
Balance sheets are a fundamental financial report on which a business can be evaluated. Though they tend to receive less attention than...


Cultural differences to consider when analyzing financial management reports in China
Cultural differences and a unique business culture make analyzing financial management reports in China an area in which both experience...


Outbound payments from China businesses to overseas parties are closely monitored
The Chinese government is closely monitoring all outbound payments from China businesses to overseas parties. After three years of...


China custom duties vary – Foreign companies can apply for preferential treatment and rates
To promote a higher level of openness and domestic consumption, China implemented a series of regulations to reduce import-export taxes...


New China Company Law changes corporate governance structure and allows one board system
The Chinese legislature adopted at its seventh session the latest amendment to the Company Law, which will come into effect on July 1,...


Electronic contracts in China are legally binding if done correctly
In the digital era, legal contracts in China have undergone a transformative shift, moving from traditional paper-based agreements to...


China adopts Apostille Convention to simplify authentication of foreign documents
The Chinese government officially adopted the Apostille Convention, an international treaty that simplifies the process of authenticating...


Foreign companies receiving data from China are subject of Chinese SCCs
In an effort to protect transfers of personal information from China to other countries, the Chinese Cyberspace Administration (CAC)...


Mutual NDAs are not enough to protect IP in China – NNN are the best route
Protecting intellectual property (IP) and sensitive information should be a priority for foreign companies manufacturing products in...


Foreign companies changing registered capital in China must follow complex procedure
Foreign companies operating in China may find themselves in a situation that forces them to either increase or decrease their registered...


Chinese government seeks to attract foreign investment with improved regulations
Faced by a slow economic recovery, the Chinese government is evaluating ways to attract foreign direct investment. In a recently...


Chinese authorities consider easing restrictions on cross-border data transfer
In an effort to improve free data flow, the Cyberspace Administration of China (CAC) proposed a document that, if approved, would...


Exit strategies for foreign investors in China have significant impact on investment returns
Driven by regulatory changes and capital market reforms, foreign investors in China have enjoyed strong gains. However, several...


China reviews tax legislation and implements subsidies, expands e-fapiao nationwide
The Chinese government introduced during the first half of this year a series of tax incentives and legislation, which could...


Chinese government promotes sustainable growth and an attractive environment for foreign investors
Chinese authorities are eager to leave the negative effects of the COVID-19 pandemic behind and are ready to boost consumer confidence,...


Effective cash flow management in China can be a business lifesaver
The primary concern of businesses in China, as with so many markets around the world, is protecting themselves against the ongoing impact...
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