By: Thibaut Minot, China Briefing, Dezan Shira & Associates Foreign companies entering a high-risk market like China must pay attention to their compliance programs at the local level. Passive supervision from the top simply won’t suffice. As a starting point, the below internal control measures should be carefully considered and strengthened where appropriate. Embed internal …
By Cheung Kong Graduate School of Business (CKGSB) On November 28 in Beijing, more than 500 attendees and 520,000 live-stream viewers tuned in as 16 inspiring leaders – including the British Ambassador to China, Barbara Woodward, Australian Ambassador to China, Jan Adams, Chairwoman of China International Capital Corporation, Shirley Chen, and Vice President and CMO of …
The minimum wage in China has historically been low comparatively to global standards, largely owing to its prevalent manufacturing sector, and significantly aiding processes of domestic economic growth over the past several decades. However, the recent report composed by Dezan Shira & Associates illustrates that such a trend is becoming less of a reality, with …
By: CPA Australia On 6th November 2018, CPA Australia signed a Memorandum of Cooperation (MoC) with the Chinese Institute of Certified Public Accountants (CICPA) at the 20th World Congress of Accountants (WCOA) in Sydney. The MoC is designed to facilitate closer collaboration between the two bodies, enhance the international standard of accounting professionals and broaden …
By: Dorcas Wong, China Briefing, Dezan Shira & Associates On August 31, 2018, the second draft of the Individual Income Tax Law was passed. The new law makes changes to many elements of the calculation and enforcement of individual income tax (IIT) in China — focusing on expanding deductibles, adjusting tax brackets, and changing residency rules. …
Come and spend an entire day at one Servcorp’s coworking spaces for free! Servcorp is a global network of exceptional office facilities. They have thrived in the industry because they have never compromised their 5 star standards. Simply put, they have selected the best buildings with the best aspects, located in the most dynamic …
RECORD FIRST HALF RESULT STATUTORY PROFIT UP 83% ON 1H17 STRONG INVESTMENT IN GROWTH Sydney, 22 August 2018 Moelis Australia’s first half 2018 (“1H18”) key financial metrics are significantly up on the first half 2017 (“1H17”) previous corresponding period (“pcp”). Statutory profit1 up 83% pcp ($15.0 million up from $8.2 million) Underlying revenue up 54% …
By Mark Preen, China Briefing, Dezan Shira & Associates The scale of China’s urbanization over the past four decades is a staggering feat in human history. In 1978, the year in which China started its policy of ‘reform and opening-up’, the urban population was just over 171 million – 17.9 percent of the total population. …
On July 6, China announced a campaign to inspect local governments and departments, signaling the central government’s resolve to implement core policies. The announcement, detailed in the State Council’s Circular about the Launch of Inspection Program for Departments and Local Governments, outlines the scope of the inspection campaign and how it will be carried out. …
Are you a successful exporter? Gain recognition at the 2018 Australian Export Awards The Australian Export Awards is a national program that honours Australian businesses for their export achievements and contribution to Australia’s economic prosperity. What are the benefits for my business? Boost your organisation’s reputation among local and international customers Gain national media exposure …