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 Top Industries

In recent decades, China’s economic ascent has solidified its status as a major global economic power.  As the world’s second-largest economy, China has been widely recognized for its manufacturing capabilities and its significant role in global trade. Over time, China’s economic landscape has undergone a notable shift from an investment driven growth model to one […]

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 […]

China’s Biggest Companies

In recent decades, China’s economic growth has transcended national boundaries, leaving a lasting imprint on the global stage. The substantial expansion of major Chinese corporations has played a pivotal role in reshaping the worldwide economic landscape, positioning China as a significant player across various industries. Their increasing influence is evident through key contributions to international […]

Regulatory Bodies in China

The business landscape in China is constantly evolving, offering substantial opportunities for foreign enterprises. With its expansive consumer base, growing middle class, and thriving industries, China remains a prime destination for international businesses seeking growth. However, to thrive in this complex and highly regulated market, foreign enterprises must develop a deep understanding of the essential […]

Chinese Calendar for 2024

Recently, the State Council unveiled the public holiday schedule for the approaching year 2024, and you can find the official source here. Below are the confirmed dates for official holidays in 2024, along with makeup days and additional dates. China 2024 Calendar for Public Holiday In 2024, the public holiday schedule will feature breaks for […]