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Business Alert – China






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Local Policy

 
 
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1. Guangdong: Social Insurance Subsidies for Enterprises Recruiting Graduates
Guangdong province has introduced several subsidy policies recently in a move to encourage employers to recruit fresh graduates. These include: qualified enterprises employing university graduates and which have duly paid social insurance premiums in full amount
1 Oct 2009
2. Shanghai Pilots Reform of Classified Customs Clearance of Import Goods
Shanghai recently kicked off its pilot reform of classified customs clearance of import goods and the Pudong Customs was chosen to pilot the reform. Since the Shanghai Customs became the national pilot for the reform of classified customs clearance
1 Oct 2009
3. Shanghai Maps out Work Procedures for Trade Facilitation
The Shanghai municipal commission of commerce recently released its Work Procedures for Trade Facilitation, clearly spelling out the duties of member units of the Joint Committee for Trade Facilitation
1 Oct 2009
4. Suzhou Announces Stimulus Plans for 10 Major Industries
Suzhou has put forward its own stimulus plans for 10 major industries to cope with the financial crisis and halt the economic decline. It is seeking to boost economic transformation and upgrade and build a rational modern industrial system
1 Oct 2009
5. Liaoning Eases Requirements for Establishment of Enterprises
The Liaoning Provincial People’s Government recently announced a set of opinions formulated by the Liaoning Provincial Department of Industry and Commerce Administration on bringing into full play the role and functions
1 Oct 2009
6. HKU May Manage Shenzhen Binhai Hospital
In recent years, the health departments in Shenzhen and Hong Kong have been cooperating closely in such areas as medical treatment, scientific research, teaching, management and staff training. It can be expected that in future the two places will forge even stronger ties and jointly elevate the levels of their medical treatment and scientific research
1 Sept 2009
7. Shanghai Announces Policy to Support Biopharmaceuticals Industry
Shanghai’s biopharmaceuticals industry has been growing at an annual rate of 15% in recent years, with the scale of the industry showing steady growth. There are now 410 biopharmaceuticals production enterprises in the city
1 Sept 2009
8. Seven Types of Expenses not Included in Pricing Cost in Jiangxi
The government of Jiangxi province is now seeking opinions from members of the public for its draft Measures for the Supervision and Examination of Pricing Cost. It put forward the following suggestions: Seven types of expenses should not be included in pricing cost
1 Sept 2009
9. Jiangsu Maps New Energy Industry Restructuring
The people’s government of Jiangsu province recently promulgated the Outline for the New Energy Industry Restructuring and Revitalisation Plan 2009-2011 to promote the development of the new energy industry in the province
1 Sept 2009
10. "Through Train" Service for Key Guangdong Enterprises
Guangdong will select 1,000 key enterprises in the province with "high growth, own brands, strong competitiveness and strong proprietary innovation capability" for the launch of a through train service system for key enterprises
1 Aug 2009
11. 534 High-tech Enterprises Get Tax Concessions in Guangzhou
In order to implement income tax concessions for high-tech enterprises and related transitional preferential policies, the State Administration of Taxation (SAT) has issued a circular based on the Enterprise Income Tax Law of the People's Republic of China
1 Aug 2009
12. Over 100 Guangzhou Factories Soon to Shut Down for Causing Air Pollution
The environmental protection bureau of Guangzhou has pledged to ensure better air quality during the 16th Asian Games in 2010 by spending up to Rmb600 million to tackle the air pollution problem. The plan also calls for another Rmb1.8 billion to be raised from the private sector, bringing total investment to Rmb2.4 billion
1 Aug 2009
13. Shanghai Helps Foreign Trade Enterprises Expand Domestic Sale Channels
In a move to help foreign trade enterprises overcome the financial crisis, Shanghai will take steps to promote domestic sales and help enterprises expand domestic sale channels. Actions include building an order placing platform for the domestic sale of foreign trade goods and an information platform for the buy-sell of foreign trade products
1 Aug 2009
14. Shanghai Adopts Draft Regulations to Build International Financial Centre
The Draft Regulations of Shanghai Municipality on Promoting the Building of International Financial Centre went into force on 1 August 2009. The aim of the new rules is to create an internationally competitive financial environment and groom Shanghai into an international financial centre
1 Aug 2009
15. Guanzhong-Tianshui Economic Zone Development Plan Approved
With approval granted by the State Council to the Guanzhong-Tianshui Economic Zone Development Plan, the long-awaited "West Triangle Economic Circle" is now taking shape. This economic zone, along with the Chengdu-Chongqing Economic Zone in Sichuan and Beibuwan Economic Zone in Guangxi are the three key zones in China's "Go West" initiative
1 Aug 2009
16. Fujian Introduces Small Enterprise Finance Services
It is learned from the relevant department that at present among the 19 mainland-funded banks and financial institutions in Fujian, 17 have set up dedicated operations to serve small enterprises in a move to enhance the standard of specialised services provided to small and medium-sized enterprises (SMEs)
1 Aug 2009
17. Yunnan Promotes Sale of Key Industrial Products
In a bid to counter the blow dealt by the international financial crisis on Yunnan’s traditional pillar industries such as iron and steel, metallurgy and electromechanical products, Yunnan has introduced a set of policies targeted at helping the development of enterprises and promoting the sale of key industrial products
1 Aug 2009
18. Subsidies for MNCs Setting up Headquarters in Beijing
On 29 June, Beijing’s municipal commerce committee, municipal development and reform committee, public security bureau and finance bureau jointly issued a set of implementing measures for the regulations on encouraging multinational companies (MNCs) to set up regional headquarters in Beijing
1 July 2009
19. Tianjin Binhai New Area Supports New Energy Industry
At the New Energy and Clean Technology Investment and Finance Forum held in Tianjin on the sideline of the Third China International Private Equity Forum (CIPEF), it was disclosed that the Tianjin Binhai New Area began allocating Rmb200 million each year
1 July 2009
20. Hebei New Regulations Impose Heavy Penalties on Polluting Enterprises
The Standing Committee of the 11th People's Congress of Hebei province adopted the Regulations on Pollutant Discharge Reduction at its ninth meeting on 27 May. These new regulations, the first of their kind in the country, went into force on 1 July 2009
1 July 2009
 
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