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China Business Services Blog

Where foreign investors in China go to stay updated

February 23, 2021

Hong Kong Business Bank Account Closure: Why and How to Avoid It

After incorporating the business in Hong Kong, the next thing on the to-do list is to open your corporate Hong Kong business bank account. But with the increasing pressure to combat money laundering, ...
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February 11, 2021

Hong Kong Corporate Bank Account Opening: Requirements & Costs [2023]

Once you have completed the steps to register your company in Hong Kong, you may start considering one of the Hong Kong banks for setting up your corporate bank account. Unfortunately, being able to o...
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January 5, 2021

Setting Up A WFOE In China? Have you considered HaiNan?

Where are you thinking of setting up your WFOE in China? Guangzhou, Shenzhen, Foshan, Shanghai are all common provinces foreigners choose for their WFOE set up. Have you considered Hainan?
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December 8, 2020

Uncover the True Cost to Set Up & Run Your Hong Kong Company [2021]

Does this sound familiar to you? You have just opened your Hong Kong company only to find out that you need to pay yet more fees in the future that you had no idea were coming. Unfortunately, this hap...
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December 2, 2020

Shenzhen’s New Measures to Boost the Business Environment – Simplified

With China being an elusive destination for businesses to expand into, one thing stops many from entering the region – the regulations create a tight business environment that often intimidates busine...
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December 1, 2020

Profit Repatriation – Transferring Money out of China in 2022

As China’s economy continues to flourish, more and more businesses want to set up an international branch there. However, one of the biggest concerns they have is whether or not they’d be able to get ...
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October 19, 2020

How to Travel to China During the COVID-19 Pandemic – The Prerequisites and Process

Following a strict closing of borders and travel ban on 28 March 2020 and a series of safety measures, Mainland China has managed to curb the spread of the pandemic.
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September 16, 2020

Hainan Visa-Free Travel Policy Guide [2021]

China is heavily promoting Hainan as a future business hub and gateway for trade. As of June 1, 2020, Chinese released the Overall Plan for the Construction of Hainan Free Trade Port. This plan is to ...
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July 8, 2020

China WFOE: The 'Fapiao' Invoice System

If you are familiar with business operations in China, you have probably come across the term ‘fapiao’, which directly translates to ‘invoice’ in Chinese. While this may seem straightforward enough, C...
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July 2, 2020

Updated Verification Form to Invite 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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