CW CPA is delighted to announce that the Hong Kong Council of Social Service (HKCSS) has awarded the Caring Company Logo 2019/20 to our firm, in recognition of our commitment in three adjudication scopes, namely, Caring for the Community, Caring for the Employees and Caring for the Environment, over the past years.  Our Group has been awarded the Caring Company Logo every year since 2018. 

Written by Mandy Lau, Administration Department, CW CPA

It is the Chinese tradition that every family has a reunion meal (團年飯) on the New Year’s Eve.  Our CW Hong Kong family had a reunion luncheon on 24 Jan 2020 in the office to conclude the Year of the Pig and to welcome the new year.

 

On the fifth day of the first Lunar month, which was the first working day after the Chinese New Year holiday, all Hong Kong staff and our Partners, Mr. Thomas Wong and Ms. Rosanna Choi, gathered, greeting each other a happy and prosperous new year.  A red packet was given to each of the staff to bring a good start to the Year of the Rat.

Thank you very much for all your great support and trust to CW.

We wish you a Happy and Prosperous Year of the Rat!

Kung Hei Fat Choy!

 

Our Partner, Mr. Thomas Wong, took a trip to Shanghai during 6 – 7 January 2020 and visited several international clients operating in Shanghai. Mr. Wong also took the opportunity to meet our Shanghai team, ascertaining their growth and the contribution to CW Group.

Shanghai, being a global financial hub, remains an important market for CW.  As such, we are planning to deploy more manpower in the coming months to cope with the international business in Shanghai.

Written by Delilah Li, China Consultancy Team, CW CPA

The year 2019 is coming to an end.  CW held its Christmas Party at Prince Hotel last week on 24 December 2019.  Colleagues from various departments gathered to share the joyfulness of Christmas.

Our Partners, Mr. Thomas Wong and Ms. Rosanna Choi both gave an opening speech at the kickoff, rounding up the works of CW in 2019 as well as briefing the outlook of the years to go.  Then, a lunch buffet was followed by games and lucky draws, which brought the party to the climax.

Taking this opportunity, we want to thank our friends, clients and colleagues who have persistently supported us throughout 2019 for our professionalism, kindness and diligence.

CW team wishes every of you a wonderful Holiday Season and a Happy New Year! We soldier on!

Written by Mandy Lau, Administration Department, CW CPA

The National Day Celebration Dinner of People’s Republic of China (PRC)

Partners of our firm, Mr. Thomas Wong and Rosanna Choi, our guests and some of our management team members, joined the dinner organized by the HKICPA and SCAA CPA on celebrating the 70th anniversary of the founding of the People’s Republic of China on 12 September 2019 at the Hong Kong Convention and Exhibition Centre. Over 750 guests, including business leaders from all sectors, and representatives from the governments of the Hong Kong SAR and the PRC joined the celebration dinner.  Mr. Paul Chan Mo-po, GBM, GBS, MH, JP, Financial Secretary was one of the Officiating Guests. 

Written by Mandy Lau, Administration Department, CW CPA

Seminar on PRC Legal Updates and Taxes in Shanghai

On 17 September, CW held a seminar together with our business partner, A&Z Law Firm, in Shanghai. We are grateful to have WeWork’s support in our event.

Mireia Paulo, Director of the European-American Market of A&Z Law Firm as the Master of Ceremonies gave the welcoming remarks introducing the event, the speakers’ background and topics, and thanking the partners involved in the organization of the event.  

From CW, our colleague, Marant Caballero, Senior Advisor of Latin Department, gave a presentation of recent changes of the Tax Regulations in China, making emphasis on the use of Big Data and technology by the government authorities to collect information and improve the current tax declaration process. The important changes on Individual Income Tax and social insurance that occurred this year were also explained.

On side of A&Z Law Firm, Andrew Zhang, Senior Partner, presented the coming changes on the compliance of the Cybersecurity Law in China, including the implications of transfer of data from China to overseas. Additionally, other topics addressed in the presentation were the Cross-Border E-Commerce and the Foreign Investment Law.

After the presentations, a Q&A session was held with very positive response from the audience. With such a diverse audience with over 50 guests from different backgrounds and countries, the session was dynamic and rewarding. Afterwards, the participants were able to engage in a networking session and further questions were asked to obtain more details.

Special thanks to our partners, A&Z Law Firm, for their support on the organization of this successful event.

Written by Marant Caballero, Latin Department, CW CPA

CW was invited to the 2019 Investment Promotion Conference of the Design Capital of Guangzhou on 26 July 2019.

The Design Capital will be located in the northern corner of Baiyun New Town (downtown area) for design-related companies, R&D centers, and industrial design offices. With Mountain Baiyun to its east and Baiyun Lake to its west, it lies in the leading position of Guangzhou-Shenzhen Technological Innovation Aisle and the innovation nodal point in Guangzhou Airport Economy Model Zone.

Four major design sectors, three service platforms with twenty-one programs will be laid out in an attempt to build all-in-one industrial and residential facilities covering such functions as office, business, exhibition, accommodation, and leisure. As a key municipal program, the Design Capital is positioned to be molded into an international brand cradle for aggregation of design industries in Guangzhou-Hong Kong-Macao Great Bay Area, the first trade center for the Belt and Road Initiative design services in South China and the first B2B sharing platform for the design industry in Guangzhou.

Written by Gabriela A. Lenis, Latin Department, CW CPA

To celebrate the grand opening of our Guangzhou office, in the late afternoon of 16 August 2019, CW team held a welcoming seminar focusing on the regulatory compliance updates that foreign businesses should know in mainland China. Our new office is located at the state-of-the-art landmark in Guangzhou – International Finance Centre. Over 50 guests shared the joyful moment together.

Delivering the welcoming remarks, our partner, Mr. Thomas Wong, took the opportunity to announce the launch of a new service platform for the Human Resources Process Outsourcing (HRPO) in the Greater Bay Area in January 2020. Ms. Delilah Li, Senior Manager of Greater China of our firm, outlined some typical risks overseas entrepreneurs should watch out in China. Following Delilah’s presentation, Attorney Richard Zhang, and Mr. Lidong Pan, Managing Director of Reiz Law Firm, discussed respectively the business law and IP protection issues frequently encountered by foreign companies in China. Lastly, Mr. Michael Chen, Managing Director of WJC Consultants gave heads up on the latest tax policies.

We would encourage all attendees and those who missed the seminar to get in touch with us so that we can continue our dialogue with the legal and tax experts amidst the fast-changing regulatory framework.

Thanks again to our business partners, Z&T Law Firm, Reiz Law Firm and WJC Consultants for their continuing support.

Written by Toby Wong, China Consultancy Team, CW CPA

The 2019 Qianhai Cooperation Forum was held in Shenzhen on 2 August 2019. The aim of the Forum was to publicly deliver the plans of Qianhai Cooperation Zone as a strategic point, and show Qianhai as an example for putting China´s opening-up policy into action.

The forum focused on the role of Qianhai, being one of the major players in the cooperation of Hong Kong – Macao – Guangdong province. According to the speakers, the key points carried by Qianhai in the cooperation between these cities and the development of the Greater Bay area were:

– The Free Trade Zone test and results of its implementation.
– Technological innovation, and the attraction to research, product development, etc.
– Risk supervision and control in the area.

The event was organized by the Authority of Qianhai Shenzhen – Hong Kong Modern Service Industry Cooperation Zone of Shenzhen Municipality and the Chinese Association of Hong Kong and Macao Studies.

The opening ceremony had important speakers such as Mr. Xu Ze, President of the Chinese Association of Hong Kong, and Macao Studies. Mr. Huan Liuquan Deputy Director, member of the Leading Party Member´s Group of the Hong Kong and Macao Affairs Office of the State Council, Mr. Chan Mo-Po Financial Secretary of the Hong Kong S.A.R. and Mr. Chen Ruigui, Deputy Secretary of the CPC Shenzhen Municipal Committee, who emphasized the importance of the mutual cooperation between Hong Kong and the rest of the Greater Bay Area and the commitment to continue with the current status of One Country Two Systems Policy. Chen mentioned that the current policy would grant the Greater Bay Area the status the country is looking for, and most importantly, maintain the life quality of all the habitants of the GBA.

Another impressive speech was given by Ms. Joan McEntee, former Undersecretary of the U.S. Department of Commerce and Chairman of the U.S. MKBC International Inc.. Referring to the current Trade War between China and the U.S., she mentioned the benefit for both countries in the years of cooperation are tangible. She firmly believed that both nations appreciate that their mutual cooperation is of significant importance not only for both countries but the entire world.

Another important topic in the forum was the technological development in Qianhai. The role of technology, the development of 5G network and the Internet of Things were the major points of the discussion, not only for industrial growth but also for social safety, health, fin-tech, etc.

Further information about the plans for the Qianhai Shenzhen – Hong Kong Modern Service Industry Cooperation Zone can be referred to the following website: http://www.szqh.com.cn/

If you wish to know the benefits of establishing a company in Qianhai, Shenzhen, please send us a message at las@cwhkcpa.com . We will share with you the benefits and process to set up at the Qianhai Free Trade Zone.

 
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