Shanghai has issued a notice on June 20, relaxing restrictions on work permits for foreign graduates to boost the city's talent pool. The new notice, issued by the Bureau of Human Resources and Social Security and the Administration of Foreign Experts Affairs, stipulates that four types of foreign graduates may apply for work permits directly. Previously, foreign...
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China TIR Transport Launched by MOT and GACC in Dalian
On May 18, China’s Ministry of Transport (MOT) and General Administration of Customs (GACC) jointly held a launching ceremony for China-Russia international road transport trial and China TIR (i.e. Transports Internationaux Routiers) operations in Dalian, Liaoning Province. As the “Belt and Road” construction is gradually deepening, the formal implementation of the United Nations TIR Convention in...
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Terminating China Employees: The Basics
The PRC Labor Contract Law permits employers to unilaterally terminate labor contracts without having to provide notice or economic compensation under one of the following circumstances: The employee does not satisfy the conditions for employment during the probation period. The employee materially breaches the employer’s rules and regulations. The employee commits a serious dereliction of duty or practices...
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New Policies Propel Fintech Industry in Lujiazui
Lujiazui recently released a new series of policies to support its emerging fintech industry in an attempt to forge a top world fintech ecosystem in the region. The policies will address the needs of fintech enterprises in nine ways, such as application scenarios, incubation investment, technological R&D, risk prevention,...