How to Get a Business License in China: A Complete Guide

How to Get a Business License in China:

In the past, establishing a business in China has been difficult for foreign companies due to lengthy and complex bureaucratic processes. However, recent government regulations have streamlined requirements to create a more attractive environment for foreign investors. Among the notable changes is merging necessary certifications and licenses into a single business license. Here, we discuss […]

China Top Industries: An Overview

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

Fesco Service 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

ICP License 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, […]

China ESG: All You Need to Know

Esg in China

Environmental, social, and governance (ESG) initiatives have become vital benchmarks for investment and corporate performance worldwide, with China making significant strides to align its ESG reporting with global practices. As the second-largest economy with a rapidly expanding market, China’s approach to ESG reporting bears considerable weight on its domestic economic landscape and international investment flows. […]

Working Hours in China

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

China Yuan (RMB)

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 […]

Minimum Monthly and Hourly Wage in China for 2024

Minimum Monthly and Hourly Wage in China

Minimum wage policies in China are pivotal in ensuring a baseline standard of living for workers across its vast and economically diverse regions. With each province and city setting its minimum wage levels, the regional cost of living, economic development, and labor market conditions are reflected within these thresholds. As China continues to evolve economically, […]

Doing Business in Shenzhen

Doing Business in Shenzhen

Emerging as one of China’s most innovative and economically competitive cities, Shenzhen presents itself as a promising location for foreign investors in search of growth opportunities. While having a short history, dating back to the 1970s, the city of Shenzhen has grown from a small border town to a thriving global metropolis. Notably, the city […]