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China Business Services Blog

Where foreign investors in China go to stay updated

July 8, 2020

Invoicing in China: What your WFOE needs to know about China’s ‘fapiao’ invoice system

If you are familiar with business operations in China, you have probably come across the term ‘fapiao’, which directly translates to ‘invoice’. While this may seem straightforward enough, China’s fapi...
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July 2, 2020

Shenzhen Updated the Guidelines of Verification Form of Inviting Foreigners to Shenzhen

In preparation for the prevention and control of COVID-19, Shenzhen has updated the guidelines for the verification form of inviting foreigners to Shenzhen. Hongda will guide you on how to obtain the ...
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June 8, 2020

China Work Visa Requirements: What You May Not Know [2020]

China has become a popular destination for expats looking for work outside their home countries. While the Chinese government has simplified the application process for a China work visa over the year...
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June 4, 2020

Covid-19: Investing in China’s Medical Device Industry

COVID-19 has generated an explosive short-term rise in demand for medical products such as protective masks, surgical gowns and sanitisers. Given that China is one of the largest exporters of medical ...
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June 3, 2020

Chinese Accounting Standards vs. IFRS: 3 Key Differences You Must Know [2020]

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April 23, 2020

Accounting and Auditing for COVID-19 Risks for Hong Kong Companies

The coronavirus (COVID-19) outbreak has substantially impacted the global economy and has challenged almost all businesses in the Greater China Region. Given the recent travel restrictions and special...
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April 22, 2020

Labour Relationships: Handling Mass Layoffs for Your China WFOE

The effects of the COVID-19 outbreak in China have left many businesses struggling to stay afloat, let alone make a profit as costs remain the same or may have even increased, and revenue for most ind...
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March 13, 2020

WFOE Tax Relief Polices During Coronavirus

In light of the the current pandemic, the Chinese government has issued a number preferential tax policies for both local and foreign-owned business in China to reduce the burden and boost the economy...
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March 10, 2020

Top 4 Alternatives to Opening an Offshore Bank Account in Hong Kong

Considering the territorial advantages of Hong Kong, it comes as no surprise that the majority of WFOE owners choose to open a Hong Kong corporate bank account. This enables them to freely transfer mo...
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February 18, 2020

Managing Your Business in China during the Coronavirus (COVID-19) Outbreak

Following the outbreak of the novel coronavirus (COVID-19) in China, many foreign companies in China are concerned about their future plans and the risk this may pose for their business. For a foreign...
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