MAINLAND CHINA

The State Council has announced a number of measures aimed at boosting employment on a national basis. Foremost among these is utilising the RMB100 Unemployment Insurance Fund to enhance the skill base of the country’s workforce and to retrain workers unemployed as a result of business failures. More

The U.S. government announced on 7 August the forthcoming publication of a rule to implement a ban on federal purchases of telecommunications equipment from mainland Chinese firms Huawei Technologies Company, ZTE Corporation, Hytera Communications Corporation, Hangzhou Hikvision Digital Technology Company and Dahua Technology Company. More

Moves to improve the liquidation and deregistration system as it applies to insolvent businesses, while clearly specifying the conditions under which liquidation procedures can be initiated, have been introduced by the National Development and Reform Commission, alongside a number of other government departments. More

Shenzhen is to increase funding for its entrepreneurship base programme in a bid to appeal to more talented, young individuals from Hong Kong and Macao. At the same time, the range of businesses eligible for the programme is also to be broadened. More