Another week in the books!
Welcome to another edition of the Hongda Business Services Roundup! We are already halfway through the month of October and the year is moving along at a pace. Everyone at Hongda is as busy as ever, working hard to bring you up to speed with everything that matter in our world.
This week we have got another great line up for you all:
- Doing business in China: 3 challenges when registering a company
- How HK, Macau and Shenzhen can collaborate
- Why To Use WeChat When Starting A Business In China (Part 1)
- IPO boom looks to lift Hong Kong stock market
1) Doing business in China: 3 challenges when registering a company
China's ongoing shift towards a consumer-focussed economy has helped to pave the road for a more sustainable economy and long-term growth, something that foreign enterprises looking to expand within one of the world's biggest markets are keen to take advantage of.
Foreign companies and brands are reaping the rewards as the consumer class continues to expand at a phenomenal rate, more modern systems are being put into place and foreign expertise is helping to bring China up to speed with the rest of the world.
This growth, however positive, is still being held back by a number of challenges that China, its government will have to face and overcome should they wish to continue on the path to prosperity 
.
Foreigners with a mind to registering a company in China will also have to navigate these challenges. In this blog I will go over 3 challenges that foreigners will encounter well when setting up shop in the East.
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2) How HK, Macau and Shenzhen can collaborate
Shenzhen, Hong Kong and Macau should explore new ways to deepen cooperation to build four world-class industry clusters — finance, high-tech, high-end logistics and shipping, and modern global professional services — during the period covered by China’s 13th Five-Year Plan of National Development (2016-2020).
On top of that, the three cities should develop into a region with leading global economic power that can gather and make use of the world’s top talents.
3) Why To Use WeChat When Starting A Business In China (Part 1)
When starting a business in China there are many concerns that will weigh on your mind.
- How do you go about opening a Chinese company?
- What if you don't speak Chinese?
- Where should you base your company?
- How do you deal with taxes in China, accounting, and HR?
But you should also consider how you're going to sell to, market to, and communicate with local customers, clients, and suppliers.
This is why to use WeChat.
But what is WeChat, how is it important to foreign businesses who are operating in China (or planning to), and why should you use it?
Keep reading for the low-down on WeChat that you need...
4) IPO boom looks to lift Hong Kong stock market
The Asian stock markets have had a rough few months. But one of China’s biggest state-owned debt clearing agencies is set to test the mood of the Hong Kong stock exchange.
China Huarong Asset Management is preparing for an initial public offering (IPO) that could be the region’s biggest listing this year.
Mood in the Hong Kong stock is starting to shift into a more upbeat tone after a volatile summer.
The city’s benchmark Hang Seng Index declined by 20% during the third quarter of the year driven by growing concerns over the state of the Chinese economy. Furthermore, the region’s other big stocks, like Shanghai and Shenzhen, have fallen by nearly a quarter since the peak in June.
But the index has started to experience modest improvement. In the past few days, the stock improved around 7% and the volatility hasn’t been able to stall overall IPOs. Hong Kong is at the top of global listing charts, having raised around $21 billion so far this year.
That it for this week's edition of the Hongda Business Services Roundup! 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.
Wishing everybody a relaxing weekend, travel safe and take care, see you all again next week for more of the news that matters!
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