HKTDC RESEARCH

Mainland Enterprises in Greater Bay Area Leverage Hong Kong’s Professional Services to “Go Out”

12 January 2021

Hong Kong is an international logistics and transport hub in the GBA as well as a regional financial and professional services centre. According to Wayne Zhijun Ouyang, Vice General Manager of Shenzhen China Brilliant Group, his company, taking advantage of Hong Kong’s ideal geographic location, makes use of the airfreight, shipping and customs clearance services in the territory to access the international market. More

Topics: Mainland China, Hong Kong, supply chain, CROSS-BOUNDARY

SINGAPORE: Digital Economy Partnership with New Zealand Goes Live

12 January 2021

The Digital Economy Partnership Agreement (DEPA) between Singapore and New Zealand has now come into effect following the ratification of the agreement by both countries last year, with the move confirmed in a recent statement from the Singapore Ministry of Trade and Industry (MTI).More

Topics: ASEAN, Southeast Asia, digital economy, DIGITAL TRADE

U.S. Targets Eight Additional Mainland Chinese Apps

11 January 2021

An executive order issued on 5 January adds eight apps to the list of U.S.-banned smartphone apps based in mainland China, although it provides 45 days advance notice of any enforcement of the new ban.More

Topics: North America, Mainland China, Fintech, policies & regulations

China Releases 2021 Edition of Import and Export Tariff Schedule

11 January 2021

The Customs Tariff Commission of the State Council recently released the Customs Import and Export Tariff Schedule (2021), which took effect on 1 January 2021.More

Topics: Mainland China, CUSTOMS IMPORT AND EXPORT TARIFF SCHEDULE, MFN tariffs

China Announces Industry Standards Formulation and Revision Plan

11 January 2021

China’s Ministry of Industry and Information Technology recently issued a circular on the third batch of industry standards formulation and revision and foreign language version projects plan for 2020 (Gong Xin Ting Ke Han No. 263 [2020]).More

Topics: Mainland China, industry standards

Rules to Regulate Online Insurance to Take Effect in February

11 January 2021

The China Banking and Insurance Regulatory Commission recently issued Rules on Internet Insurance Business (Order No. 13 [2020]), which stipulate that internet insurance business must be carried out by licensed insurance institutions.More

Topics: Mainland China, internet, INSURANCE BUSINESS

Navigating Covid-19: A Custom Watch Brand

11 January 2021

In a quick response to the Covid-19 outbreak and the new stay-at-home economy, Quinn Lai, the founder of the Hong Kong custom watch brand EONIQ, has rapidly digitalised his mechanical watchmaking workshops and launched a DIY watchmaking kit.More

Topics: Watches & Clocks, Gifts & Premiums, Hong Kong, ASEAN, WATCHMAKING CRAFTSMANSHIP, COVID-19

China Details Tax Concessions for IC and Software Industries

11 January 2021

China’s Ministry of Finance, State Taxation Administration, National Development and Reform Commission and Ministry of Industry and Information Technology recently issued a joint announcement (No. 45 [2020]) concerning enterprise income tax policies to support the integrated circuit (IC) and software industries.More

Topics: Electronics & Electrical Appliances, Mainland China, integrated circuit, SOFTWARE INDUSTRY

China Blocks ‘Unjustified’ Extra-territorial Application of Foreign Laws

11 January 2021

China’s Ministry of Commerce issued and put into practice on 9 January 2021 the Rules on Counteracting Unjustified Extra-territorial Application of Foreign Legislation and Other Measures (MOFCOM Order No. 1 [2021]).More

Topics: Mainland China, FOREIGN LEGISLATION, INTERNATIONAL LAW

Thai Consumer Preferences: Packaged Food and Beverages

11 January 2021

In a recent HKTDC Research study, 91% of the Thai consumers surveyed planned to spend more or about the same as they do now on packaged food and beverages in the next three years. Focus groups also revealed that middle-class consumers are keen on small indulgences such as coffee, ice cream, cakes, chocolates, crispy snacks, and so on.More

Topics: Food & Beverages, ASEAN, Southeast Asia, middle class, CONSUMER LIFESTYLE

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