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The Guangdong–Hong Kong–Macao Greater Bay Area (GBA) playing a central role in China’s digital economy

China has made the digital economy a crucial part of its national development strategy, with a goal to increase the output of core industries in the digital economy to 10% of the national GDP by 2025. The Guangdong-Hong Kong-Macao, Greater Bay Area, is one of the regions with the highest degree of digital economy development in China, creating abundant business opportunities for foreign companies.

5 March, 2023

Hong Kong budget for Fiscal Year 2023-24 during critical time

Summary of Hong Kong Taxes 2022-23 & 2023-24

Unlocking Business Opportunities in the Greener Greater Bay Area of China

China Economic Outlook 2023

Procedures and requirements for changing the Legal Representative in China

New Business Opportunities in the Greater Bay Area for Foreign Investors

FAQs on Employment Concerns During the Covid-19 Pandemic

Doing Business Guides

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China

Hong Kong SAR

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Guide to Opening a Corporate Bank Account in China

Discover essential tips for navigating China's banking landscape as a foreign in...

Guide to Opening a Representative Office in China

Regarded as the “lightest” company structure, a representative office (“RO”) can...

Guide to Closing a Company in China

While many foreign investors continue to be lured in by China’s wealth of attrac...

Your Complete Guide to Hong Kong Tax

For entrepreneurs seeking success, Hong Kong is the ideal place to set up shop -...

Hong Kong Company Setup: A Guide to Incorporating a Hong Kong Company

While companies incorporated in Hong Kong can be either public or private and li...

A Guide to Incubation Programmes for Tech Start-ups in Hong Kong

Hong Kong offers a wide range of incubation and accelerator schemes to help you ...

SME Export Marketing Fund: How to Seek Out Opportunities for Expansion Beyond Hong Kong

The SME Export Marketing Fund provides financial assistance to Hong Kong-based s...

A Guide to Talent Attraction Schemes: How to Bring Talents to Hong Kong

One of Hong Kong’s key appeals lies in its wide range of admission schemes for f...

The Validity of Electronic Contracts and Signatures in Hong Kong

In Hong Kong, the Electronic Transactions Ordinance confers equal legal effect o...

A Guide to Signing Electronic Employment Contracts in Mainland China

In July 2021, the Ministry of Human Resources and Social Security of China issue...

China

Guide to Opening a Corporate Bank Account in China

Discover essential tips for navigating China's banking landscape as a foreign in...

Guide to Opening a Representative Office in China

Regarded as the “lightest” company structure, a representative office (“RO”) can...

Guide to Closing a Company in China

While many foreign investors continue to be lured in by China’s wealth of attrac...

A Guide to Signing Electronic Employment Contracts in Mainland China

In July 2021, the Ministry of Human Resources and Social Security of China issue...

A Concise Guide to Working with Distributors in China

We delve into the dos and don’ts of choosing a distributor in China and th...

Your Step-by-Step Guide to Set Up a Company in Shenzhen

The year 2020 marks the 40th anniversary of the establishment of the Shenzhen Sp...

Hong Kong SAR

Your Complete Guide to Hong Kong Tax

For entrepreneurs seeking success, Hong Kong is the ideal place to set up shop -...

Hong Kong Company Setup: A Guide to Incorporating a Hong Kong Company

While companies incorporated in Hong Kong can be either public or private and li...

A Guide to Incubation Programmes for Tech Start-ups in Hong Kong

Hong Kong offers a wide range of incubation and accelerator schemes to help you ...

SME Export Marketing Fund: How to Seek Out Opportunities for Expansion Beyond Hong Kong

The SME Export Marketing Fund provides financial assistance to Hong Kong-based s...

A Guide to Talent Attraction Schemes: How to Bring Talents to Hong Kong

One of Hong Kong’s key appeals lies in its wide range of admission schemes for f...

The Validity of Electronic Contracts and Signatures in Hong Kong

In Hong Kong, the Electronic Transactions Ordinance confers equal legal effect o...

Your Simplified Annual Compliance Guide in Hong Kong

Are you considering setting up a company in Hong Kong? Perhaps you have a Hong K...

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The Guangdong–Hong Kong–Macao Greater Bay Area (GBA) playing a central role in China’s digital economy

China has made the digital economy a crucial part of its national development strategy, with a goal to increase the output of core industries in the digital economy to 10%…

Unlocking Business Opportunities in the Greener Greater Bay Area of China

Discover how businesses can capitalize on China's ambitious decarbonization goals and unlock opportunities in China's Greener Greater Bay Area. Learn about the technologies needed to achieve these goals, the direct…

China Economic Outlook 2023

China’s economy is expected to fare better than in the previous year and achieve a relatively quick and sharp rebound in activity, despite a somewhat sluggish start in the first…

New Business Opportunities in the Greater Bay Area for Foreign Investors

The Guangdong-Hong Kong-Macao GBA is a city cluster composed of two special administrative regions, Hong Kong and Macao, and nine cities in Guangdong Province. This article offers an overview of…

Top Digital Marketing Trends You Can’t Miss to Increase Your Presence in China

What are some of the top digital marketing trends that foreign businesses can capture to help them sell to the Chinese market of more than 200 million digital natives? Find…

Qianhai Shenzhen-Hong Kong Cooperation Zone: Innovative Development in the Greater Bay Area and Opportunities for Hong Kong

The Qianhai Shenzhen-Hong Kong Cooperation Zone is a pioneering business zone to promote the high-quality development of modern service industries, including finance, logistics, information technology, and science and technology, as…

Economy

China Economic Outlook 2023

China’s economy is expected to fare better than in the previous year and achieve a relatively quick and sharp rebound in activity, despite a somewhat sluggish start in the first…

New Business Opportunities in the Greater Bay Area for Foreign Investors

The Guangdong-Hong Kong-Macao GBA is a city cluster composed of two special administrative regions, Hong Kong and Macao, and nine cities in Guangdong Province. This article offers an overview of…

Trade

RCEP: Opportunities for Overseas Companies and Harnessing them via the GBA and Hong Kong

Signed by 15 countries including China and 10 ASEAN member states in November 2020, the Regional Comprehensive Economic Partnership (RCEP) is the world’s biggest free trade agreement. Companies – whether…

Investment Locations

Qianhai Shenzhen-Hong Kong Cooperation Zone: Innovative Development in the Greater Bay Area and Opportunities for Hong Kong

A Tale of Integrated Development: Shenzhen-Hong Kong Innovation and Technology Co-operation Zone

Hong Kong and Shenzhen have joined hands to develop a preeminent global innovation and technology hub in the Shenzhen-Hong Kong Innovation and Technology Co-operation Zone (“Co-operation Zone”) at the Lok…

Industries

The Guangdong–Hong Kong–Macao Greater Bay Area (GBA) playing a central role in China’s digital economy

China has made the digital economy a crucial part of its national development strategy, with a goal to increase the output of core industries in the digital economy to 10%…

Unlocking Business Opportunities in the Greener Greater Bay Area of China

e-HKD: The Future of Money in Hong Kong

The Hong Kong Monetary Authority has recently announced that it will be trialling the e-HKD digital currency from the fourth quarter of 2022. It is almost a given that the…

Hong Kong as a Premier Global Fintech Hub: Developments in the Ecosystem

The trailblazing, going-against-the-grain spirit of fintech has swept through the financial and banking sectors, entirely reshaping the landscape of financial products and services. Against the backdrop of the COVID-19 pandemic,…

Guangzhou is Building A Wealth and Asset Management Center in the Guangdong–Hong Kong–Macao Greater Bay Area

On 8 June 2022, Guangzhou officially launched the construction of a Cross-border Wealth Management and Asset Management Center in the Guangdong-Hong Kong-Macao Greater Bay Area with a ceremonial event held…

Strategies

Top Digital Marketing Trends You Can’t Miss to Increase Your Presence in China

What are some of the top digital marketing trends that foreign businesses can capture to help them sell to the Chinese market of more than 200 million digital natives? Find…

Operating a Business in China

Procedures and requirements for changing the Legal Representative in China

The legal representative is a position that wields considerable authority within an organisation. This article walks you through some important considerations, the procedure for changing a legal representative in China…

FAQs on Employment Concerns During the Covid-19 Pandemic

China will no longer manage COVID-19 as a Class A infection, but rather as a Class B infection starting from 8 January 2023. Here is a list of FAQs to…

Case Studies

IIT and PE issues for a HK consulting firm

Background A HK consulting firm (‘A’) sent its consultant staff to Mainland Chin...

A Fallacy about the Requirements for Keeping Hi-Tech Status

Background A multinational group headquartered in Europe (“EU Co”) o...

Solutions for a Foreign-Invested Enterprise to Increase Capital

Background A multinational group headquartered in the US (“US Co.”) ...

Finance & Taxation

Hong Kong budget for Fiscal Year 2023-24 during critical time

The Hong Kong Financial Secretary, Paul Chan Mo-po, presented the 2023-24 Budget Speech on February 22, 2023. The budget focuses on the government's goal of "Leaping Forward Steadily, Together We…

Summary of Hong Kong Taxes 2022-23 & 2023-24

Here you can know more about the tax rates of profits tax, salaries tax and property tax for the years of assessment 2022-23 & 2023-24 in Hong Kong.

Hong Kong: Amendments to the Foreign-Sourced Passive Income Exemption Regime

Proposed changes to Hong Kong's foreign source income exemption regime for passive income are expected to come into force on 1 January 2023 with no transition period. All kinds of…

The future of audit: How technology is changing the landscape of audit and assurance services

With more sources of data input that go beyond the limits of historical data coming into play, the nature of the audit process will undergo a transformation: from an essentially…

Further Extension of Additional VAT “Super Deduction” Policy for the Lifestyle Services Industry in China

Qualified enterprises operating in the lifestyle services sector in Mainland China will continue to enjoy a 15% “super deduction” of creditable input VAT in the current period. In order to…

Hong Kong: New Tax Concessions for Qualifying Shipping Commercial Principals

The Hong Kong government promulgated the Inland Revenue (Amendment) (Tax Concessions for Certain Shipping-related Activities) Ordinance 2022 (“the Ordinance”) on 22 July 2022, which offers tax incentives to qualifying shipping…

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