MAINLAND CHINA

A raft of reform measures piloted in Beijing and Shanghai and intended to optimise the overall business environment is to be rolled out on a national basis. Essentially, all these reforms – many of which were initiated at the behest of the business community – focus on streamlining administration, delegating powers and improving services, while transforming the role played by government bodies. More

Siemens, one of Europe’s largest industrial manufacturing companies, is a leading digital connector for the Guangdong-Hong Kong-Macao Greater Bay Area development. The German conglomerate uses its Hong Kong “smart city lab” projects to upscale into Greater Bay Area infrastructure sectors. More

As of 1 June this year, qualified advanced manufacturing VAT taxpayers have been entitled to apply to their local tax authority for a refund of the end-of-period incremental VAT credit relating to the filing period commencing 1 July 2019 and for subsequent filing periods. More

The China (Guangxi) Pilot Free Trade Zone (GXFTZ) is one of six such pilot zones designated by the State Council in its Circular on Issuing the Overall Plan for the Six New Pilot FTZs in August 2019. The GXFTZ consists of three areas totalling 119.99 sq km: the Nanning Area (46.8 sq km, including the Nanning comprehensive bonded zone), the Qinzhou Port Area (58.19 sq km, including the Qinzhou bonded port area) and the Chongzuo Area (15 sq km, including the Pingxiang comprehensive bonded zone). More