Renegotiating Long-Term Commercial Contracts in China
In today’s economic climate, businesses operating in China face unique challenges that make profitability increasingly difficult. Rising...
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China Releases Updated Rules and Negative List for Cross-border Data Transfers in Beijing Pilot Free Trade Zone
On August 30, 2024, the Beijing Municipal Internet Information Office, Beijing Municipal Commerce Bureau, and the Beijing Municipal...
Choosing the Right Currency for Your China Contract
When entering into contracts with suppliers in China, one crucial decision is selecting the appropriate currency for payments. This...
Navigating IFRS 18
The introduction of IFRS 18 has brought about significant changes that businesses must now incorporate into their financial reporting and...
A simple guide to Bookkeeping in China
Bookkeeping in China involves navigating a unique set of regulations and practices that differ from Western standards. Here’s an in-depth...
Comprehensive Guide to Bookkeeping Services for SMEs in China
In China's dynamic business environment, accurate financial record-keeping is crucial for the success of Small and Medium-sized...
Understanding Chinese Accounting Standards (CAS) for Foreign Companies
Foreign companies establishing a presence in China face unique considerations, particularly with the interpretation and understanding of...
Understanding the Role of a Company Secretary in China
A company secretary in China is integral to the administration and legal compliance of a business. This role ensures that the company's...
How Cost-Effective is Outsourcing Professional Services Like Bookkeeping in China?
Maintaining properly kept financial records is essential for any business—large or small. This is especially true if you want to ensure...
Developing profit repatriation strategies for your China Business
Are you Developing profit repatriation strategies for your China Business? One of the main concerns foreign investors have when deciding...
Implementing an Internal Control System for your China business
For many small to medium size companies it is difficult to implement an efficient internal control system for your China Business, to...
A corporate health check can ensure the longevity and success of your China business
How do you know if your China business is healthy, and its current operations comply with local tax laws and regulations? Doing a regular...
The secret behind the success or failure of the ERP system for your China business
In the fast-changing and highly competitive Chinese market, many foreign companies fail to achieve their goals simply because they...
Local idiosyncrasies in China to consider when creating an internal control system for your business
Though many foreign companies may feel it is easier to transplant their own internal control systems to their China business without...
The importance of keeping a clean balance sheet for your China business
Balance sheets are a fundamental financial report on which a business can be evaluated. Though they tend to receive less attention than...
Cultural differences to consider when analyzing financial management reports in China
Cultural differences and a unique business culture make analyzing financial management reports in China an area in which both experience...
Outbound payments from China businesses to overseas parties are closely monitored
The Chinese government is closely monitoring all outbound payments from China businesses to overseas parties. After three years of...
China custom duties vary – Foreign companies can apply for preferential treatment and rates
To promote a higher level of openness and domestic consumption, China implemented a series of regulations to reduce import-export taxes...
New China Company Law changes corporate governance structure and allows one board system
The Chinese legislature adopted at its seventh session the latest amendment to the Company Law, which will come into effect on July 1,...
Electronic contracts in China are legally binding if done correctly
In the digital era, legal contracts in China have undergone a transformative shift, moving from traditional paper-based agreements to...
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