China Top Industries: An Overview
China’s economy has undergone significant transformation over the years. The Chinese government’s policies have been pivotal in nurturing various sectors, aiming to move the economy up the value chain. As a result, few industries have emerged as substantial contributors to the country’s Gross Domestic Product (GDP) and have become integral to its economic identity. Manufacturing […]
FESCO Services in China
A FESCO (Foreign Enterprise Service Company) in China provides comprehensive employment solutions for foreign companies, including market entry, HR outsourcing, payroll services, and employment outsourcing. FESCOs offer flexibility and scalability in managing workforce size and composition, enabling quick adjustments to align with business needs. They also handle mandatory benefits administration, visa processing, and payroll, allowing […]
How to Register an ICP Licence in China
An ICP license stands for Internet Content Provider license, a requirement for any website that wants to operate legitimately within China’s borders. It is a regulatory measure set by the Chinese Ministry of Industry and Information Technology (MIIT) that is crucial in maintaining the integrity and lawfulness of the country’s internet space. Without this license, […]
Working Hours in China
Working hours in China have been defined by a framework that aims to balance the demands of the country’s burgeoning economy with the need for workers’ well-being. The standard workhour system establishes a typical workweek as eight hours per day and 40 hours per week. The People’s Republic of China Labor Law mandates this rhythm […]
Chinese Currency (RMB): Understanding the Renminbi
The Chinese currency, known as the renminbi, is the legal tender in the People’s Republic of China. ‘renminbi’ translates to ‘people’s currency’ and is abbreviated as RMB, with the symbol ¥ and the ISO code CNY. The currency is managed by the People’s Bank of China, the country’s central bank, and has undergone significant reform […]
Set up a Representative Office in China
Navigating the complexities of doing business in China can be challenging, especially when deciding on the optimal market entry vehicle. This decision holds significant weight for foreign businesses seeking entry into the Chinese market. One of the primary investment vehicles employed by foreign businesses for entering China is the representative office. While not formally acknowledged […]
Considerations for Businesses in China in 2024
China’s economy has been a cause of significant speculation throughout the latter half of 2023, marked by a decline in FDI but still able to achieve a strong 5.2% GDP growth. Experts seem uncertain whether it is a good time to invest in China or not, however the prevailing narrative may not entirely reflect what […]
Articles of Association for Companies in China
Setting up a company in China involves navigating various legal processes and requirements, and one critical document in this process is the Articles of Association (AoA). The AoA serves as the framework and foundation upon which a company operates and is a vital element for any business entity in China. There are specific requirements that […]
Doing Business in Hangzhou
Found at the heart of China, Hangzhou stands out as a hub for technology and digital infrastructure. With its affluent population and strategic location on the Grand Canal of China, Hangzhou has long been considered an excellent opportunity for foreign investors seeking to harness the growth of a Chinese domestic economy. Recent contributions to Hangzhou’s […]
China New Visa Policy
On November 24, 2023, the Ministry of Foreign Affairs announced a trial initiative to facilitate increased travel in China by extending unilateral visa-free entry from December 1, 2023, to November 30, 2024 (view official source). This policy is effective for citizens holding ordinary passports from France, Germany, Italy, the Netherlands, Spain, and Malaysia. On March […]
