A productive week!
Welcome to another edition of the Hongda Business Services Roundup. We trust that you all had a very productive week and that you are all ready to kick off the weekend with a great line up of posts.
I want to kick off this week's roundup with a special mention of our WeChat account. After a bit of a hiatus we have officially begun bringing all of the business news, tips, content offers and more to our followers again. If you are not yet following us on WeChat, please scan the QR code below for daily updates right to your mobile!
With that said and done, it's time to recap all of the posts that mattered this week:
- "Smart Digital Marketing For Trading Companies" - Hongda Seminar
- 6 careless mistakes foreigners make when setting up a WOFE in China
- Hong Kong Company Formation: Why Bother?
- China’s Currency Devaluation and Your Manufacturing
1) "Smart Digital Marketing For Trading Companies" - Hongda Seminar
On the 26th of September Hongda Business Services are offering a FREE seminar and networking event where we will host a local expert speaking about digital marketing for trading companies!
In the seminar you will learn how trading companies in China can improve their digital marketing in order to gain better business results, see real examples of the marketing in use, and then mingle and network with other local businesses!
Of course, Hongda's China and Hong Kong business experts will also be on hand to answer any questions you may have about doing business in either area, or running your existing business more effectively.
Keep reading to get a brief taster of what to expect at the event, and the details of when and where it will be so you can attend...
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2) 6 careless mistakes foreigners make when setting up a WOFE in China
For many foreigners looking to register a company in China, setting up a WFOE (Wholly Foreign Owned Enterprise) or WOFE as it is otherwise known, has long been a favored platform to help foreign business people make inroads into the Chinese market.
WOFEs provide foreigners with many unique advantages such as having complete control of their own business, being able to hire low cost local staff and protect their intellectual property, and perhaps most importantly, being the sole recipient of all the profits.
The Chinese government has made registering and setting up a WOFE in China a lot easier in recent years, but as good news as this is for foreigners, it also presents the problem of people possibly rushing into something without doing the utmost to ensure that one can set up and manage a successful company. Business owners need to do careful planning lest a silly mistake is made!
In this blog we will take a look at 6 careless mistakes that foreigners make when setting up a WOFE in China so that you don't make the same for your business.
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3) Hong Kong Company Formation: Why Bother?
Hong Kong company formation is often seen as 'something that only the wealthy and famous do.'
But is opening an offshore corporation in Hong Kong really so difficult, and is it just the preserve of large companies and people with huge wealth?
In this blog from Hongda Business Services we're going to discuss why you should consider opening an Hong Kong company, and the benefits available for those who do...
4) China’s Currency Devaluation and Your Manufacturing
For the last month, the eyes of the world have been fixated on China’s tumbling stock market and depreciating currency. And a major question on the minds of buyers of Chinese made goods is, ’How will this depreciation of currency affect manufacturing in the region?’
It should come as no surprise that China’s manufacturing sector has been, and still is, the driving sector of growth in the country. China has become the workshop of the world over the past 30 years on the back of a dynamic and growing manufacturing sector. Does the currency devaluation signal a weakening of China’s economy and thus a signal to stay away? Or, on the contrary, does it signal an aggressive move by the Chinese government to make its manufacturing sector more competitive?
More on this informative article here!That's another Hongda Business Services Roundup in the books. 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.
Hope that all of you that are in Shenzhen stop by for our FREE digital marketing seminar for trading companies next week Saturday, see you all there!
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Download our case study to find out how we helped one of our clients cut through the red tape to help obtain a work visa for him and visas for his family!
