Tag: Transparency
Hong Kong Announces Changes to Beneficial Ownership Regime
Hong Kong’s Financial Services and Treasury Bureau (FSTB) recently issued a consultation document on amending the Companies Ordinance law. If the amendment proposal is approved, companies incorporated in Hong Kong will need to identify their beneficial owners and register with...
Rein in pre-incorporation expenses
While many foreign investors rush to set up a WFOE, many overseas parent companies underestimate the tax and financial planning required to cover expenses that will incur during the pre-incorporation process.
American Firms Troubled by China’s Antimonopoly Actions
Since the ramping up of enforcement, US companies doing business in China have been increasingly concerned about issues like fair treatment and due process By Ryan Ong and Ellen Huber From recent investigations in the auto parts industry to “dawn...
Report: China Still Falls Short of Its Transparency Commitments
By Shelly Zhao China continues to significantly lag in its commitments to promote and implement regulatory transparency measures, according to a new US-China Business Council (USCBC) report. USCBC analysis of the National People’s Congress (NPC), the State Council, and selected...
China’s Mixed Transparency Record
The PRC government’s scorecard dipped in the last year, but regulators can take measures to improve rule-making transparency. by Shelly Zhao The PRC government has taken positive steps in recent years to increase regulatory transparency, but China’s lawmakers still have...
Transparency in China: A Work in Progress
The PRC government has made strides to boost regulatory transparency, but progress remains inconsistent.by Francesca BaruffiRegulatory transparency consistently ranks as one of the top concerns of US companies in China, according to annual US-China Business Council (USCBC) membership surveys. Because...
Transparency Commitment Check
China is releasing more economic and trade rules for public comment than ever before, but further improvements are needed.by Caitlin ClarkTo improve transparency and promote public participation in government, China pledged in 2008 to release drafts of economic laws and...
Standards in China: Behind the Headlines
China’s approach to standards and conformance can create significant challenges for US companies doing business in China.by Elise OwenA recent string of high-profile standards-related events in China has focused attention on the importance of standards to global trade—and on the...
Blogs, Bulletin Boards, and Business
To succeed in China, businesses must understand China’s social media environment by Kaiser Kuo By now it is clear that the social media revolution—which includes the emergence of blogs, YouTube, wikis (websites in which users can edit content), and social...
NPC and State Council Transparency Commitments: An Evaluation
The National People’s Congress (NPC) and State Council both announced initiatives in spring 2008 to increase transparency and public participation in the formulation of legislation and administrative measures. The US-China Business Council (USCBC) has been tracking NPC and State Council...