The latest from China & Hong Kong

In Hong Kong, employees are subject to a progressive salary tax system. The tax rate varies depending on the employee's income, with...

China's rapidly evolving economy presents unique challenges and opportunities for finance managers. As pivotal figures in the financial...

A tax audit, or tax inspection, refers to the examination and processing activities conducted by tax authorities to assess the...

China’s legislature has adopted sweeping amendments to the Company Law, significantly altering company capital rules, corporate...

China’s Supreme People’s Court (SPC) has provided new judicial interpretations to clarify the temporal effect of the New Company Law (the...

The Hong Kong Special Administrative Region (HKSAR) Government has announced a new measure aimed at improving immigration clearance...

Minimum wages in China continue to rise. As of February 19, 2024, Shanghai has the highest monthly minimum wage among 31 provinces at RMB 2,690 (US$370) per month, and Beijing has the highest hourly minimum wage at RMB 26.4 (US$3.7) per hour. Twenty-one regions, including Anhui, Beijing, Chongqing, Fujian, Gansu, Guangdong (including Shenzhen), Hainan, Hebei, Henan, Hubei, Jiangsu, Jiangxi, Liaoning, Ningxia, Shaanxi, Shandong, Shanghai, Sichuan, Tianjin, and Zhejiang, have s

With the introduction of the New Company Law, companies, shareholders, and creditors in China will encounter new tax implications. This...

Opening a corporate bank account in Hong Kong is a straightforward process, offering various options from both international and local...

Hong Kong's Employment for Professionals work permit scheme is designed for hiring skilled foreign employees. This comprehensive guide...

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

Setting up a company in China involves navigating various regulatory, cultural, and procedural challenges. Here is an in-depth guide: Why...

"If you want something done right, do it yourself." It's a well-worn business maxim, underscoring the belief that no one cares for your...

China has experienced rapid economic growth over the past few decades, transitioning from a largely agrarian society to a global economic powerhouse. The country's GDP growth rate consistently outpaces many other nations, often hovering around 6-8% annually, even during global economic slowdowns. This remarkable growth has led to increased stability and confidence among investors. The Chinese government’s proactive economic policies, such as the Belt and Road Initiative, have

Opening a bank account in Hong Kong is straightforward for both residents and non-residents. Here's a detailed guide: Personal Accounts...

Many people associate China with Hong Kong rather than Mainland China. This is largely due to Hong Kong's status as a global business...

Currency: Hong Kong Dollar (HKD) Payroll Frequency: Monthly Capital: Hong Kong Fiscal Year: 1 April - 31 March Employer Taxes: 5.00% +...

Transitioning to a cloud-based payroll system can significantly enhance the efficiency and accuracy of your payroll processes. In Hong...

In today’s fast-paced business environment, companies are increasingly turning to cloud-based solutions to streamline operations and...

Shared office spaces, also known as co-working spaces, have emerged as a contemporary business model that provides a collaborative and...