Welcome to the first Hongda Business Services Roundup for the month of April!
The year is moving on at a frenetic pace and we are well and truly into the swing of things now. This week we have some more great posts lined up to take you all into the weekend that include:
- China Accounting: Hong Kong CPAs May Audit Chinese Firms' Accounts
- Rising China risk tarnishes Hong Kong business hub luster
- 4 Tips For Expat Entrepreneurs Who Are Starting A Business In China
- 9 Limiting Thoughts That Will Stop You From Starting A Business
Let's get right to it!
1) China Accounting: Hong Kong CPAs May Audit Chinese Firms' Accounts
In mid 2015 China accounting changed.
Beijing brought in new rules effectively 'banning' overseas CPAs (Certified Public Accountants) from auditing Chinese firms' books fo their annual accounting audit.
This was due to cases of some foreign CPAs 'illegally' undertaking audits on the Mainland.
This caused some concern in Hong Kong, where many CPAs make a living from auditing Mainland accounts, but the end result was that they were exempted.
How does this affect businesses in China who are bound to require an audit? Keep reading as we explore in more detail...
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2) Rising China risk tarnishes Hong Kong business hub luster
For decades, Hong Kong thrived as an Asian business hub thanks to its killer combination of Western freedoms, independent courts and closeness to mainland China's booming market. Now political and economic ills from the mainland are eroding that edge.
Swedish-Chinese author Gui Minhai was counting on Hong Kong's freedoms when he chose the city as the base for the publishing empire he has built up over the past decade, churning out exposes on elite Chinese politics that were snapped up by visitors from mainland China, where they are prohibited.
The recent temporary disappearances of Gui and four colleagues, including his British chief editor Lee Bo, rising political volatility and slowing growth in China are undermining confidence in Beijing's promises to leave the city's freedoms intact for a half-century after taking control of Hong Kong in 1997.
3) 4 Tips For Expat Entrepreneurs Who Are Starting A Business In China
With special economic zones with rock-bottom taxes such as QianHai in Shenzhen specifically catered towards encouraging foreign startups to incorporate in China it looks like traditional Western powerhouses such as 'Silicon Valley' have some competition for foreign startups.
If you do decide to take the plunge and are set on starting a business in China, what are the tips that entrepreneurs should follow?
Keep reading as we share some useful advice...
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4) 9 Limiting Thoughts That Will Stop You From Starting A Business
Many people would like to set up a business and fulfill their dreams. Not so many actually decide to try, though. Thousands of projects stay in people’s minds, in discussions and some lost notes. Many of those ideas can be potentially great, though. Ask a person with an idea what exactly stops them from turning it into something real. They will probably answer you something from the following.
Here are 9 things that stand in your way when wanting to start a business.
Stop Press!
A new month brings another useful new eBook.
Those of us planning on starting a business in China, or already running a company here, must protect our trademarks!
Our new eBook: "An Introduction To China Trademark Registration" explains just how to do that, and why this will benefit your business in future.
Be first to get this eBook by clicking below to start the download process:
Please let us know about any of your thoughts regarding some of the topics we recapped this week in the comments below, or let us know about any other topics you'd like for us to cover.
Take care and have a relaxing weekend! See you all next week for more of the same.
