Category: Finance

Finance, accounting and all other money-related issues for US businesses in China.

New Regulations on Wage Payment Methods in Shanghai

According to the Shanghai Municipal Human Resource and Social Security Bureau, a new regulation on wage payment methods for Shanghai-based organizations went into effect August 1. The new regulation, issued to replace the 2003 version, expands the scope and makes...

/ November 2, 2016

Foreign Investment Reform Brings No New Openings

In a public setback for China’s Ministry of Commerce (MOFCOM), a touted foreign investment reform reflects the continued use of the National Development and Reform Commission’s (NDRC) approach to managing inbound foreign investment and fails to include even the limited...

/ October 28, 2016

Inflicting Loss on Investors through Cooked Books: Assessing Accounting Fraud in China

Accounting fraud in China seldom made headlines until the US Securities and Exchange Commission (SEC) began probing Alibaba, China’s e-commerce giant. Although accounting fraud is a global issue, China’s investment climate presents higher risk because local companies often want to...

/ September 16, 2016

HealthTech VC Funding Quadrupled in Four Years to $4.5 Billion; Crowdfunding on the Rise

Healthcare delivery is poised for a radical change. The unparalleled ability to collect, mine, and analyse health data; the increasing sophistication of bio-sensors; and the exponential rise in the use of smartphones provide opportunities to reconsider how to efficiently provide...

/ July 25, 2016

Q&A: Why should you use renminbi?

US businesses can take advantage of China’s growth by using renminbi (RMB) and partnering with an international bank with RMB experience and capabilities. Debra Lodge, a Managing Director for HSBC Global Markets who is responsible for leading Renminbi Business Development...

/ June 30, 2016

Opening a Bank Account in China

As China’s banking system continues to liberalize, foreign investors have more flexibility over the management of funds. However, China’s banking system remains complex, and many restrictions apply to foreign investors. There are several options foreign investors need to consider when...

/ June 20, 2016

Q&A: Why are China’s CFOs so pessimistic?

As China settles into it's "new normal" of slower, but steady growth, Deloitte China surveyed Chinese CFOs about their expectations of the climate in China in the medium and long term. The survey showed that CFOs are less optimistic, wary...

/ June 15, 2016

Drop in China’s social insurance rates could cut labor costs

Rising labor costs in China are setting off alarms with foreign investors because of increasing minimum wages and living standards, as well as the extensively developed social security system. However, as the central government exerts pressure to maintain economic growth...

/ May 6, 2016

Life Services Companies Catch a Break

A new value-added tax (VAT) reform has recently been implemented in China that could fundamentally alter the accounting systems of small and medium enterprises doing business within the country.

/ May 4, 2016