Monthly Archives: December 2016

Chinese officials have discussed the progress made this year in replacing business tax with value-added tax (VAT) and future measures to simplify the latter's ongoing implementation. First, it was said that the extension on May 1 this year of China's VAT pilot scheme to the construction, real estate, finance, and life services sectors is "going well...

Nearly 1,500 institutions with their names on file with the Asset Management Association of China have set up offices in Lujiazui in Pudong New Area. The 6.89-square-kilometer section has become home court for world-renowned asset management institutions to carry out business in China. Private equity firms flocked to Lujiazui in Pudong New Area amid the rise...

A slew of new measures to further ease green card rules for foreign professionals in Shanghai was announced by city authorities yesterday. People working for companies and universities at Shanghai Zhangjiang National Innovation Demonstration Zone and Shanghai Free Trade Zone will be the main beneficiaries. The new measures will give foreigners working in these zones a fast...

Earlier this year, the PRC Ministry of Human Resources and Social Security (“MOHRSS”) issued a set of Measures for Evaluating Compliance and Integrity of Employers’ Labor Protection (《企业劳动保障守法诚信等级评价办法》). These Measures are set to take effect on January 1, 2017 and will apply to all China employers, domestic and foreign. So if have employees in China...