China Business Services blog including WOFE set up, monthly China accounting and taxes in China | Hongda

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 ...

China’s ‘fapiao’ invoice next to man holding a phone

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...

manufacturing and packaging of surgical masks

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 ...

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...

February 18, 2020

Managing Your Business in China during the 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...

Ball with China flag at the center of a compass pointing to 'Invest'

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...

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...

October 3, 2019

China Trademark Registration Application in 2019

The National People’s Congress recently passed revisions to the Trademark Law in the People’s Republic of China increasing protection against trademark hoarding.

September 26, 2019

New Hongda Partnership Extends Service Offerings

As we continue our pursuit of becoming China’s leading business service provider, we are excited to announce our new partnership with Guangdong Pan Xin Law Firm and Liang Ke Li Wei Intellectual Proper...

August 13, 2019

How The 2019 Negative Lists Will Impact Foreign Investment In China

Following promises made at the 2019 G20 summit in Japan, China’s National Development and Reform Commission (NDRC) and Ministry of Commerce (MOFCOM) have released a revised 2019 Negative List for Fore...

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