The weekend is finally upon us and it is time yet again for another roundup of all of the posts that made a splash in our world this past week.
Summer is quickly approaching and things are certainly 'heating up' on the business end as we're busy as ever here at Hongda Business Services, bringing you the latest in complimentary eBook offers and a bunch of great posts to usher you into the weekend.
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Why Is China Trademark Registration Crucial For Foreign Companies?
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The biggest data leak in history just exposed the world's rich and powerful
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How Does The 13th 5 Year Plan Affect China Company Registration?
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China's Silicon Valley Wants You, Offers Million Dollar Payments To Move There
Let's get right to it!
1) Why Is China Trademark Registration Crucial For Foreign Companies?
China trademark registration is a different beast to that which you're accustomed to abroad.
As a foreign company who either has a functioning Chinese branch, or is considering starting a business in China soon, you must register your trademarks here too.
But if we already own the rights to our intellectual property and trademarks around the world, why must we go through the rigmarole and cost of registering trademarks separately in China?
A lot of this has to do with China's trademark laws, so let's dive into this in more detail in this blog post...
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2) The biggest data leak in history just exposed the world's rich and powerful
image credit: Business Insider
An obscure law firm in Central America is the source of what's being called the largest information leak in history.
Emails and documents reveal how the world's richest and most powerful, from Vladimir Putin to the prime minister of Iceland, hide their business dealings using offshore tax havens and shell companies.
For the past year, hundreds of journalists from around the world secretly analyzed terabytes of data uncovered from Mossack Fonseca, a Panama-based law firm with offices around the world. Their findings were collectively published on April 3 as the Panama Papers.
3) How Does The 13th 5 Year Plan Affect China Company Registration?
China takes things 'step-by-step,' not rushing into huge and sweeping changes. That's why when the new '5 year' plan was announced on March 15th 2016, those that are planning on undertaking China company registration must sit up and take notice.
Why?
China is in the midst of reforming its financial systems and economy, meaning that certain industries will be particularly welcomed as the government seeks to encourage foreign investment in these fields, foreign talent and knowledge to China, and foreign startups to choose to base themselves here.
KWM.com has published an interesting post and infographic about this plan, so let's take a look in more detail at the 13th 5 year plan's potential impact on businesses who're looking at China company formation in this post...
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4) China's Silicon Valley Wants You, Offers Million Dollar Payments To Move There
The southern Chinese city of Shenzhen is splashing cash to attract innovators from China and around the world. Qualified academics and professionals from around the world who base themselves in Shenzhen can apply to the government for a one-off payment of up to 6 million yuan, or a little over $928,000.
To boost its standing as China’s number one city for innovators and entrepreneurs, Shenzhen’s government is planning to spend 4.4 billion yuan, or more than $680 million at current exchange, to attract top talent in 2016 according to local media reports.
The city is also appealing to those starting out their professional careers by offering graduates with bachelor’s degrees 15,000 yuan ($2,320) in housing subsidies – with that figure jumping to 25,000 and 30,000 yuan ($3,867 to $5,414) for those with master’s or PhD’s respectively – if they come to the city and find work.
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.
Travel safe if you are heading out for the weekend and see you all next week for more of the same.
