MAINLAND CHINA

Pudong New Area Pilots Simplified License System

16 February 2021

The Shanghai Municipal People’s Government recently issued a plan to implement a “one integrated licence” pilot reform in the Pudong New Area (Hu Fu Ban No. 1 [2021]) in order to simplify the approval and license system. More

hktdc research

143 Additional Sectors Encouraged in Hainan Free Trade Port

11 February 2021

On 27 January, the National Development and Reform Commission, the Ministry of Finance and the State Taxation Administration jointly issued a circular on the publication of the Catalogue of Encouraged Industries in the Hainan Free Trade Port (Fa Gai Di Qu Gui No. 120 [2021]). More

hktdc research

China Customs Announces Measures for Implementation of New Catalogue of Encouraged Foreign Investment Industries

11 February 2021

The General Administration of Customs recently issued a circular relating to the implementation of the latest edition (2020 edition) of the country’s Catalogue of Encouraged Industries for Foreign Investment (Order No. 9 [2021]). More

hktdc research

Guangdong Promotes Cosmetics Industry Development

11 February 2021

On 9 January, the General Office of the Guangdong Provincial People’s Government rolled out its implementation plan for promoting the high-quality development of the cosmetics industry. More

hktdc research

New Certification Rules for Food Safety Management Systems Take Effect

10 February 2021

The Certification and Accreditation Administration of China issued the new edition of implementation rules for the certification of food safety management systems on 8 January (Announcement No. 2 [2021]), but certification bodies may conduct certification in accordance with the old or new edition of the rules during the period between 8 January and 1 July 2021. More

hktdc research

China Issues List of Integrated Manufacturing and Internet Development Pilot Projects

10 February 2021

On 27 January, the General Office of the Ministry of Industry and Information Technology (MIIT) announced a list of 135 pilot projects for furthering the integration of manufacturing and internet development in 2020 (Gong Xin Ting Xin Fa Han No. 307 [2020]). More

hktdc research

Forging Closer Collaboration in the Greater Bay Area Financial Sector

10 February 2021

Free flow of capital is one of Hong Kong’s advantages in developing diverse offshore renminbi trading products and financial services. In the opinion of the GBA Strategic Team of Tai Fung Bank of Macao, Hong Kong has an advantage in driving Macao’s development of offshore renminbi services. By encouraging the capital flows between Hong Kong and Macao while promoting the development of their financial sectors, Hong Kong can also strengthen its role as a financial centre. More

inside china

Wading through export challenges

10 February 2021

The combination of the COVID-19 pandemic, spreading protectionism from trade to finance and technology and socio-political disturbances across major and emerging economies generated a perfect storm for the global economy, according to the International Monetary Fund. More

hktdc research

China, Hong Kong and Macao Sign MOU on Wealth Management Connect

09 February 2021

The Hong Kong Monetary Authority announced on 5 February the signing of the Memorandum of Understanding (MOU) on the Launch of the Cross-Boundary Wealth Management Connect Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area to ensure effective operation and controllable risk factors in undertaking Wealth Management Connect trials in the Greater Bay Area. More

hktdc research

China Releases Three-Year Industrial Internet Action Plan

09 February 2021

China plans to complete the construction of industrial internet infrastructure, covering all regions and industries, and of 30 5G-connected factories spanning 10 key industry sectors, by 2023. More

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