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China Business Services Blog

Where foreign investors in China go to stay updated

July 2, 2020

Shenzhen Updated the Guidelines of Verification Form of Inviting Foreigners to Shenzhen

In preparation for the prevention and control of COVID-19, Shenzhen has updated the guidelines for the verification form of inviting foreigners to Shenzhen. Hongda will guide you on how to obtain the ...
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June 4, 2020

Covid-19: Investing in China’s Medical Device Industry

COVID-19 has generated an explosive short-term rise in demand for medical products such as protective masks, surgical gowns and sanitisers. Given that China is one of the largest exporters of medical ...
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April 23, 2020

Accounting and Auditing for COVID-19 Risks for Hong Kong Companies

The coronavirus (COVID-19) outbreak has substantially impacted the global economy and has challenged almost all businesses in the Greater China Region. Given the recent travel restrictions and special...
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April 22, 2020

Labour Relationships: Handling Mass Layoffs for Your China WFOE

The effects of the COVID-19 outbreak in China have left many businesses struggling to stay afloat, let alone make a profit as costs remain the same or may have even increased, and revenue for most ind...
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March 13, 2020

WFOE Tax Relief Polices During Coronavirus

In light of the the current pandemic, the Chinese government has issued a number preferential tax policies for both local and foreign-owned business in China to reduce the burden and boost the economy...
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March 10, 2020

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. This enables them to freely transfer mo...
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February 18, 2020

Managing Your Business in China during the Coronavirus (COVID-19) Outbreak

Following the outbreak of the novel coronavirus (COVID-19) in China, many foreign companies in China are concerned about their future plans and the risk this may pose for their business. For a foreign...
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January 29, 2020

This new Chinese law will affect all foreign-invested companies

On March 15th, 2019, China's legislature approved the new Foreign Investment Law (FIL), it would replace the Three Laws on Foreign Investment as the new basic law in the field of foreign investment in...
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January 2, 2020

2021 WFOE In China Checklist [Free Download]

WFOE formation in China is bureaucratic, time-consuming, and involves complex Chinese language documents. While we cannot change the system,  we've created this simple checklist in plain English that ...
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November 15, 2019

Is My WFOE Safe?

Many foreign investors eager to capitalise on China’s potential have started up a Wholly Foreign-Owned Enterprise (WFOE) to take advantage of this opportunity. While WFOEs have their benefits, as with...
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