MAINLAND CHINA

China Updates Declaration Requirements for Imported Cosmetics

21 July 2022

Consignees and their agents declaring imported cosmetics under HS codes 3303 and 3304 are required to comply with reporting requirements recently updated by the General Administration of Customs. The updated requirements took effect on 22 June. More

hktdc research

Stamp Tax Law Takes Effect on 1 July

21 July 2022

With the Stamp Tax Law coming into effect on 1 July, China’s State Taxation Administration recently issued a notice on its implementation. The notice also outlines the streamlined land appreciation tax declaration procedure. More

Creativity & Lifestyle

Japan’s food exporters target GBA

20 July 2022

Japanese cuisine is a firm favourite with diners in both Hong Kong and Mainland China. Data from the Ministry of Agriculture, Forestry and Fisheries of Japan shows that the mainland has, for the first time become the leading market for Japanese food exports. More

Market Opportunities

Inflation impacts on GBA firms

19 July 2022

The inflation currently sweeping across the globe is relatively muted in Hong Kong and Mainland China, but cost rises for raw materials energy are starting to have an impact on industries in the export-focused Guangdong-Hong Kong-Macao Greater Bay Area (GBA). More

Creativity & Lifestyle

Streamlined wine investment

18 July 2022

Aiming to make fine wine investment as effortless as drinking a quality vintage, Cult Wine Investment manages assets of £265 million (about HK$2.4 billion) for investors globally and has 83 countries in its global client network. More

hktdc research

China Promotes Pandemic Insurance to Protect Market Entities

15 July 2022

The National Development and Reform Commission, Ministry of Finance and China Banking and Insurance Regulatory Commission are jointly promoting insurance to protect market entities, jobs and livelihood during the Covid-19 pandemic. Where conditions permit, local governments are urged to support the growth of pandemic insurance and encourage hard-hit sectors such as logistics, catering, retail and culture and tourism to get insured. More

hktdc research

Nansha Encourages Cross-Border E-Commerce and Freight Consolidation and Deconsolidation

15 July 2022

Nansha, in Guangzhou city, is encouraging the development of cross-border e-commerce and global freight consolidation and deconsolidation. From now until 31 December, cross-border e-commerce companies whose operations are growing are eligible for an award of RMB0.4 per invoice. Export consolidation and deconsolidation businesses in special customs supervision areas will receive support commensurate with the value of their cargoes. More

Creativity & Lifestyle

Beverage company bounces back

15 July 2022

The COVID-19 pandemic almost forced Vivian Mak, the founder of MingCha, to give up her 20-year-old tea business. More

hktdc research

China to Establish Demonstration Zones for IPR Protection

14 July 2022

According to a plan recently announced by the China National Intellectual Property Administration, demonstration zones for the protection of intellectual property rights (IPR) will be established in about 20 cities across the country by 2025. In these zones, laws and regulations for IPR protection will be improved. Administrative protections for patents, trademarks, geographical indications, commercial secrets, customs protection and more will be strengthened, as will adjudication of IPR. More

hktdc research

China Simplifies Tax Matters for Deregistered Market Entities

14 July 2022

The State Taxation Administration has simplified the handling of revenues and tax payment of market entities that have deregistered or suspended operations. With effect from 14 July, market entities need not notify the tax authorities when suspending operations due to natural disasters, accidents or public security incidents, but still need to fulfil their tax obligations. More

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