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Happy Chinese New Year

The Year of the Snake begins on January 29, 2025, symbolizing wisdom, intuition, and elegance. At CW CPA, these traits align with our mission of global collaboration. Guided by our “Latin America Plus Greater Bay Area (GBA)” vision, we support Chinese businesses expanding internationally and Latin American companies entering the Chinese market. With strategic locations in Hong Kong, Shenzhen, and Guangzhou, and strong partnerships across Latin America, we bridge cultures and markets. In 2025, CW CPA deepens its advisory services, expands its global presence, and remains committed to being your trusted business partner.

Latest Insights

China Gives Green Light to Establish Wholly Foreign-Owned Hospitals

China’s new pilot work plan, effective 29 November 2024, permits wholly foreign-owned hospitals in nine key cities, including Beijing, Shanghai, and Shenzhen. This initiative aims to enhance the healthcare sector with innovative service models, cutting-edge technologies, and improved local medical capacity. Eligible investors must demonstrate expertise in hospital management and address gaps in healthcare provision. Exclusions apply to hospitals specializing in traditional Chinese medicine, psychiatric care, or high-risk procedures. By fostering foreign participation, China seeks to meet growing healthcare demands while maintaining strict oversight of ethical and medical risks in this highly regulated industry.

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Amendment to CEPA Provides Enhanced Access to Mainland Markets

The Closer Economic Partnership Arrangement (“CEPA”) amendment between mainland China and Hong Kong, effective 1 March 2025, expands market access for Hong Kong businesses. Covering trade in goods, services, investment, and economic cooperation, CEPA now includes liberalisation measures in sectors like construction, financial services, and tourism. Key updates include easing equity ownership limits and professional service restrictions. Hong Kong enterprises can also capitalize on premier legal and arbitration services for Mainland operations. While most measures apply nationwide, select pilot initiatives focus on the Greater Bay Area, highlighting enhanced integration and opportunities for Hong Kong-based companies in a growing market.

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Regulatory Updates

Dong Business in China

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.

Dong Business in Hong Kong

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.

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.

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China Pushes for Nationwide Adoption of Fully Digitalised E-Invoices

Effective 1 December 2024, China’s State Administration of Taxation (SAT) has implemented fully digitalised e-invoices, or e-fapiao, nationwide. This initiative simplifies invoicing processes, replacing traditional paper-based invoices with a streamlined digital format featuring 17 key elements, including a unique 20-digit identification code. Legally equivalent to paper invoices, the e-invoice reduces administrative burden and enhances tax compliance. The move underscores China’s commitment to modernizing tax administration while promoting efficiency and standardization for businesses and consumers. By eliminating the need for duplicate copies, the digital system improves usability and supports the broader digital transformation of the country’s financial ecosystem.

Market Entry, Industry Updates and More...

German Flag

German Companies Deepen Investment in China Amid Strategic Growth in 2024 and 2025

German companies are intensifying their investments in China, signaling strong confidence in the market’s long-term potential. Key sectors like automotive, chemicals, and fashion are leading this growth. Mercedes-Benz and Volkswagen are advancing electric vehicle (EV) innovations tailored for China, while BASF commits €10 billion to a new chemical production facility. Hugo Boss is expanding its retail footprint to capture China’s demand for premium products. With €7.3 billion in Foreign Direct Investment in the first half of 2024, Germany’s “In China, for China” strategy emphasizes localization and sustainability. Despite geopolitical challenges, German firms remain focused on fostering strategic growth and partnerships.

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