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 […]
Employment Income Transfer China
In this article we discuss the method for individuals to transfer income from employment to a bank account abroad safely and compliantly.
How to Sell Services, Conduct Trade, and Manufacture Goods in China Without Owning a Local Company?
The rules and regulations for foreign companies to do business in China can be considered as strict and for some businesses even as restrictive, However, it certainly remains possible for foreign companies to do business in China without owning a local entity. Foreign companies can sell their services in China, sell and import their goods into China and have their products produced in China, all without owning a local entity.
