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Business Alert – China
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Services Sector
A biweekly newsletter providing up-to-date information on the latest developments in China trade policy and trade regulations
Business Alert – China
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Services Sector
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1.
Foreign and Mainland Investors Eye Small Taiwan Banks
Rumours are rife in Taiwan’s financial market that many investors are inquiring about possibilities of mergers and acquisitions and equity participation in small Taiwan banks. Foreign and mainland companies are making positive steps to arrange their investment portfolio
1 Oct 2009
2.
SARFT Bans 11 Types of Commercials
The State Administration of Radio, Film and Television (SARFT) recently promulgated the Administrative Measures Governing the Airing of Advertisements on Radio and Television. The Measures stipulate that advertisements deliberately using wrongly written
1 Oct 2009
3.
China to Set Eligibility Criteria for Participation in Medical Insurance
As disclosed by Chen Wenhui, assistant to the chairman of the China Insurance Regulatory Commission, the Ministry of Human Resources and Social Security is taking the lead to formulate measures governing the administration of qualifications for commercial insurance firms
1 Sept 2009
4.
Four Cities to Pilot Consumer Finance
The China Banking Regulatory Commission (CBRC) announced the promulgation of the Administrative Measures for Pilot Consumer Finance Companies and started the work of examining and approving pilots for these companies on 13 August
1 Sept 2009
5.
Non-Governmental Medical Institutions Encouraged
Five ministries including the National Development and Reform Commission and Ministry of Finance have jointly announced a set of opinions on increasing the government's input in health expenditure
1 Aug 2009
6.
Hong Kong and Macau Residents May Run Clinics in Chengdu
The business scope for individually-owned stores set up by Hong Kong and Macau residents in Chengdu has been further expanded. Starting from 1 October, residents from the two cities are allowed to operate businesses such as clinics
1 Aug 2009
7.
Colour-Coded Travel Alert System to Launch in October
Tourist safety will soon be given statutory protection in China. According to China’s National Tourism Administration, views are being collected on the Measures for Protecting Tourist Safety (Draft) which are scheduled to take effect in October
1 Aug 2009
8.
Guandbuy Group Plans Four Logistics Bases
On 24 April, the National Development and Reform Commission announced the Plan for the Adjustment and Revitalisation of the Logistics Industry. According to industry sources, details on the implementation of this plan will be unveiled in the second half of this year
1 June 2009
9.
Hong Kong and Macau Doctors Can Now Sit for Mainland Qualifying Exams
The Ministry of Health recently announced the Administrative Measures for Medical Practitioners of the Hong Kong and Macau Special Administrative Regions to Obtain Mainland Medical Practitioner Qualifications Through Accreditation and the Administrative Measures for Medical Practitioners of Taiwan
1 May 2009
10.
Growth in Demand for Logistics Services Eases in 2008
Growth in the demand for logistics services has slowed down significantly in 2008, with the growth rates for major economic indicators falling to varying extents. According to the National Bulletin on the Operation of the Logistics Industry 2008
1 April 2009
11.
Access Threshold Lowered for Inbound Tourism Market
The Regulations on Travel Agencies due to go into force on 1 May this year have made an across-the-board revision of the former Administrative Regulations on Travel Agencies
1 April 2009
12.
Boost Consumption through Sales Promotions and Exhibitions: MOFCOM
The Ministry of Commerce (MOFCOM) recently published a document, entitled Opinions on Making a Success of Commercial Conventions and Exhibitions to Promote Consumption
1 March 2009
13.
Hong Kong and Macau Residents may Engage in Advertising Production in Guangdong
After 1 January 2009, individually-owned businesses set up by Hong Kong and Macau residents in Guangdong are allowed to engage in building cleaning, advertising production, trade brokerage and commission agency (excluding auction)
1 Feb 2009
14.
Longjing Tea Approved for Trademark Registration
As announced by the industrial and commercial administration bureau of Zhejiang province, relevant departments of the state have just given the green light to the registration of the geographical indications of "Longjing tea" as trademark
1 Feb 2009
15.
Hong Kong-invested Service Projects in Guangdong Buck Trend with Rise
Although the total number of newly approved Hong Kong-invested projects in Guangdong has fallen sharply under the weight of the global financial crisis in recent months, service projects are bucking the trend with an increase According to the statistics of Guangdong Provincial Economic and Trade Commission, 4,479 Hong Kong-invested projects were approved during the first 10 months of 2008, 14.54% down from the same period of the previous year. In cont
1 Jan 2009
16.
EU Recognises Equivalence of Chinese Accounting Standards
The European Securities Committee (ESC) made up of representatives of EU member states voted on the equivalence of third country accounting standards on 14 November 2008. It was decided that during the transitional period from 2009 to 2011, the EU will allow Chinese securities issuers to adopt Chinese accounting standards
1 Jan 2009
17.
Financial Crisis Brings New Opportunities to Service Outsourcing Sector
The global financial crisis, while creating uncertainties for China's economic growth, has also brought new opportunities to China's service outsourcing sector
1 Dec 2008
18.
Better Shopping Protection under Guangzhou's New Tourism Rules
The Tourism Regulations of Guangzhou recently passed by the city will come into effect on 1 December 2008. Under the new rules, industry players will face greater risks but the rights and interests of travel agents
1 Nov 2008
19.
Shanghai Department Stores Offer Personalised Customer Service
A new type of customer service, with "dedicated customer service managers" accompanying you all the way when you make purchases, informing you of new arrivals
1 Nov 2008
20.
Changsha to Encourage Service Outsourcing
Changsha is revising its policy of encouraging service outsourcing. Under the new plan, service outsourcing enterprises with headquarters in the city will be awarded up to Rmb5 million in subsidies
1 Sept 2008
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