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The Automotive Spare Parts Industry in the Greater Bay Area

The Automotive Spare Parts Industry in the Greater Bay Area

The automotive spare parts industry in the Greater Bay Area (GBA) is experiencing significant growth, driven by demand for high-quality products and innovation. The GBA is home to major automobile manufacturers and suppliers, and it has a well-developed supply chain network supported by advanced logistics infrastructure. The industry is also actively involved in the development of sustainable transportation systems, including electric vehicles (EVs) and infrastructure for EV charging. There are opportunities for overseas investors, with Guangzhou being a prominent destination for foreign investment in manufacturing. However, SMEs in the industry face challenges such as rapidly changing technology, competition, funding limitations, and supply chain disruptions. Despite these challenges, the GBA’s automotive spare parts industry is poised for continued growth and success.

Regulatory Updates

Hong Kong: New Inspection Regime Phase II

Hong Kong brings the Companies Register’s New Inspection Regime into operation phase by phase from August 2021 to December 2023 to limit the disclosure of personal data in the Companies Registry. Under Phase 2 of the new inspection regime, usual residential addresses and full identification numbers on the Index of Directors on the Companies Register are replaced with correspondence addresses and partial identification numbers for public inspection.

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Hong Kong Guides

Are you looking to setting up a company in Hong Kong? Checkout our a series of comprehensive guides on how to set up and operate a business in Hong Kong.

We aim to be your go-to source of information on setting up and operating a business in Hong Kong, and our goal is to help businesses thrive in this dynamic and fast-paced market.

What is a Company Secretary in Hong Kong?

A company secretary in Hong Kong is a vital position that ensures the company complies with statutory obligations and acts as a custodian of corporate governance. Read on to learn more about the eligibility requirements, role, and responsibilities of a company secretary.

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Your Complete Guide to Hong Kong Tax

For entrepreneurs seeking success, Hong Kong is the ideal place to set up shop – thanks to its business-friendly environment and advantageous tax system. Get the most out of your investments with this comprehensive guide to Hong Kong taxation!

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Guide to Maintaining the Significant Controllers Register for Your Hong Kong Company

The Companies (Amendment) Ordinance 2018 introduced new requirements on the keeping of significant controllers registers by companies in Hong Kong. This guide details the various obligations demanded by the SCR regime, the method by which your Hong Kong company’s significant controllers should be identified, and other practical steps that you should take to ensure compliance with the Amendment Ordinance.

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Employer’s Return in Hong Kong: What You Need to Know

Discover the essential information about the Employer’s Return in Hong Kong, including filing obligations, deadlines, and submission methods. Ensure compliance with local employment laws and tax requirements to avoid penalties. Learn how CW can assist you in accurately completing your Employer’s Return and navigating the regulatory landscape. Contact us today for professional assistance.

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Mandatory Provident Fund in Hong Kong: A Comprehensive Guide

Are you an employer in Hong Kong, or do you plan to hire staff for your Hong Kong company? You must register your employees under a Mandatory Provident Fund (“MPF”) scheme and make monthly contributions towards it. This article helps you navigate the workings of the MPF system and the different types of MPF schemes available. It also details the method of calculation in respect of MPF contributions.

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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 foreign talents, professionals and entrepreneurs. In the 2022 Policy Address, Hong Kong’s Chief Executive underscored the importance of embarking on an all-out quest for global “top-notch talents”. This guide seeks to provide information on the different schemes currently available under which quality talents can be admitted into Hong Kong.

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China Guides

Our China Guides comprise a series of informative articles that provide insights on efficiently handling the compliance responsibilities and administrative formalities associated with establishing and scaling up your business in Mainland China.

brown roof tiles

Guide to Setting Up a Foreign-Invested Enterprise in China

China is one of the most attractive markets for foreign investment in the world. The country has a large and growing economy, a skilled workforce, and a favorable investment climate. However, setting up a business in China can be complex and time-consuming. This guide provides an overview of the steps involved in setting up a foreign-invested enterprise (FIE) in China.

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Chinese Businessman Using Digital Tablet During Corporate Meeting In Office

Guide to Opening a Representative Office in China

Regarded as the “lightest” company structure, a representative office (“RO”) can offer newcomers – who are not ready to take the plunge into uncharted waters with a hefty investment – a relatively easy and quick way to establish a foothold in China. This pared-down mode of presence in China has its merits as well as drawbacks, and you are well-advised to take them into careful consideration when deciding which structure best fits your business’ individual needs.

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Registered Capital in China

Setting the right amount of registered capital for a foreign-invested enterprise in China is crucial. Too little or too much can have far-reaching consequences. This article provides guidance on how to determine your registered capital needs.

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What is Export VAT Refund in China?

The export VAT refund system in China allows eligible businesses to recover VAT paid on purchases related to the provision of taxable goods or services for export. There are two refund methods: Exemption, Deduction, and Rebate (EDR) for manufacturing enterprises, and Exemption and Rebate (ER) for trading enterprises. This article provides an accessible overview of how the export VAT refund system works in China.

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Guide to Closing a Company in China

While many foreign investors continue to be lured in by China’s wealth of attractive business opportunities, for other investors, however, the time has come to call it quits. Learn how to properly deregister your company in China with this guide. Closing a business in China can be a complex and time-consuming process, but abandoning it is not the solution. Ensure compliance and avoid penalties by following the necessary procedures.

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Expanding your business into

Greater Bay Area

The Greater Bay Area (GBA) of China presents vast opportunities for businesses seeking to expand their operations in the region. The GBA comprises nine cities in Guangdong Province, Hong Kong, and Macau, with a combined population of over 70 million and a GDP of approximately USD 1.6 trillion. It is a critical part of China’s economic development strategy, aimed at creating a world-class metropolis and driving economic growth in the region.

We have a series of informative articles that delve into the various business opportunities available in the GBA. These articles cover a wide range of industries, including finance, technology, logistics, and tourism, among others. We provide insights on the GBA’s market potential, investment incentives, regulatory environment, and emerging trends that businesses can capitalize on.

Case Studies
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Market Entry

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…

Finance & Taxation