China Business Services blog including WOFE set up, monthly China accounting and taxes in China | Hongda

2023 Guide to Opening a Bank Account in China

Operating a WFOE, wholly foreign-owned enterprise, or any other business in China, isn’t as simple as only securing a business license; you will also need to open a bank account to facilitate your ope...

China company setup and work visa Package

January 24, 2022

Combined China Company Setup & Work Visa Application Offer (Q1 2022)

One of our most popular services is our 'Complete China Company Registration Package' where Hongda assist you by opening and providing you with a fully functioning and fully compliant company in China...

January 21, 2022

China's 2022 Tax Policy Changes For Foreign Workers: Buckle Up!

Foreign workers in China take note! There are changes to individual income tax (IIT) that have come into being in January 2022, and they're not going to be welcome. TL:DR: you're probably going to hav...

January 20, 2022

Top 4 Alternatives to Opening an Offshore Bank Account for Hong Kong Companies

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.

January 12, 2022

Exploring the Qianhai Shenzhen-Hong Kong Youth DreamWorks & its benefits

Ever since the Qianhai area of Shenzhen was approved in 2012 it has been positioned as a hub for innovation. One of the key focuses has been strengthening business links between the PRC, Macao, and Ho...

January 5, 2022

Hong Kong’s FRC Gains New Powers

Hong Kong’s Financial Reporting Council has gained additional powers following the passage of the Financial Reporting (Amendment) Bill by the Legislative Council. Read on to explore what has changed.....

December 20, 2021

How China Companies With Remote Staff Can Save Cash & Boost Productivity

The coronavirus pandemic hasn't stopped lots of foreign investors from opening companies in China. It is possible to do this remotely from your country, and, indeed, probably the only way for company ...

November 23, 2021

A WeChat Pay Issue Is Affecting Ex-pats. Here's How To Fix It!

Starting on Monday, November 15, 7 pm, ex-pats across China started lighting up WeChat groups and posting on Moments with complaints about WeChat Pay suddenly locking up when trying to pay for an item...

October 28, 2021

Is it possible to get a China work permit in late 2021?

Since the onset of the coronavirus pandemic, China has tightened regulations and severely restricted foreigners' movements into the country. We wrote about the challenges travellers face in getting to...

July 23, 2021

How To Travel To China In Summer 2021?

The appetite to travel to China hasn't lessened for many foreigners despite the ongoing coronavirus pandemic. However, it's clear that the appetite to open up the borders simply isn't there for China ...

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