Shanghai-Hong Kong Stock Connect

Shanghai-Hong Kong Stock Connect actually includes two parts: Shanghai-Stock Connect and South-Hong Kong Stock Connect:Shanghai Stock Connect means that investors entrust Hong Kong brokers to buy and sell stocks listed on the Shanghai Stock Exchange through a securities trading service company established by the Hong Kong Stock Exchange. Shanghai-Hong Kong Stock Connect Southbound trading refers […]
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Announcement on matters related to pre-tax deduction of advertising expenses and business promotion expenses

Recently, an announcement on matters related to the pre-tax deduction of advertising expenses and business promotion expenses was issued. This announcement continues the current deduction policy for advertising expenses and business promotion expenses, and the implementation time has been extended to December 31, 2025. Please read down for specific regulations: Announcement on matters related to […]
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China no longer classifies foreign-funded enterprises in the form of Sino-foreign joint ventures and cooperation.

In order to implement the “Foreign Investment Law”, the “Decision of the State Council on Amending and Repealing Certain Administrative Regulations” was announced, and administrative regulations that were inconsistent with the “Foreign Investment Law” were cleaned up, including amendments to some provisions of 22 administrative regulations. From 2020 Effective on November 29: China no longer […]
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Draft Implementation Rules of the BVI Economic Substance Law

The British Virgin Islands (BVI) recently issued the “Draft Rules for the Implementation of the Economic Substance Law”. The basic contents of the draft are as follows: Draft Implementation Rules of the BVI Economic Substance Law The British Virgin Islands (BVI) recently released the “Draft Rules for the Implementation of the Economic Substance Law”. The […]
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VIE structure and functions

VIE, namely variable interest entity, also known as agreement control, is different from the general company adopting equity control method. VIE actually controls a company by signing an agreement instead of holding shares. VIE structure and functions VIE, namely variable interest entity, also known as agreement control, is different from the general company adopting equity […]
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Announcement on matters related to the delay of the 2020 income tax payment of small and low-profit enterprises and individual industrial and commercial households

China’s “Announcement on Matters Concerning the Delay in Paying 2020 Income Taxes for Small and Low-Profit Enterprises and Individual Industrial and Commercial Households” is as follows: Announcement on matters related to the delay of the 2020 income tax payment of small and low-profit enterprises and individual industrial and commercial households Announcement No. 10 (2020) of […]
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