Category: Finance

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

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

Postal Savings Bank of China Starting $10 Billion Hong Kong IPO

Shuang Shan Postal Savings Bank of China (PSBC)—the sixth largest lender in China—began accepting proposals for its $10 billion Hong Kong IPO on Tuesday and will continue to do so through Friday. The PSBC IPO will be the largest financial...

/ January 21, 2016
Tianjin port

Tianjin Explosions May Spur Billions in Insurance Claims

By Lauren Dodillet A series of blasts in Tianjin on August 12th may cue billions of dollars in insurance claims. The explosions rocked the world’s third-largest port last Wednesday and burned into the weekend, the result of currently unknown circumstances...

/ August 20, 2015

Wanda Group Raises $805 Million in Just Three Days

By Natalie Polk Dalian Wanda Group, China’s largest commercial property developer, raised $805 million to finance the construction of shopping malls across China in only three days—leveraged almost entirely through Internet crowdfunding. Wanda used Internet financing app  Stable Earner No.1...

/ June 26, 2015
Grape Harvest

China, Australia Sign Free Trade Agreement

By Lauren Dodillet Chinese President Xi Jinping and Australian Prime Minister Tony Abbott met last week in Canberra to sign a landmark Free Trade Agreement (FTA) between their two countries. A decade in the making, the deal gives China the...

/ November 24, 2014

Internet Finance in China: Will it Disrupt Traditional Banking?

By Ana Swanson Like many businesses the world over, investment in China has gone mobile. Just ask Yang Ren Jun, a 26-year-old translator and interpreter in Shanghai. Yang initially invested ¥3,000 ($483) in a new online investment service called Yu’e...

/ July 21, 2014

Banking Abroad

Chinese banks are employing various strategies as they march into international markets by Jonathan Calkins Industrial and Commercial Bank of China (ICBC), the world’s largest bank by market value, received final approval from US regulators in May 2012 to purchase...

/ July 8, 2013

US-China Venture Capital Partnerships

US and Chinese venture capital firms can help each other access broader markets and realize higher returns on their investments.by Tharon SmithChinese and US enterprises are searching for ways to collaborate and build high-performing global companies, and partnerships are the...

/ October 1, 2012