HKTDC RESEARCH

22 June 2020

The National Development and Reform Commission and the Ministry of Transportation recently issued policies to reduce logistics costs, improve logistics efficiency and restore order in epidemic-hit areas of production and day-to-day life. More

Topics: Mainland China, customs clearance, logistics cost

Navigating Covid-19: An InsurTech Pioneer

22 June 2020

As the social distancing measures wreaked havoc on the traditional insurance models, the catastrophe looked set to speed up the pace of digitalisation in Hong Kong, one of the most developed insurance markets. In light of this, HKTDC Research interviewed OneDegree, which is a veteran of digital insurance with a dual identity as an InsurTech solution provider and a virtual insurer, to share its insight into how the Hong Kong insurance industry could speed up digitalisation in the post-Covid era.More

Topics: Hong Kong, Insurtech, Insurance Technology

Guangdong to Strengthen ‘Pillar’ and Emerging Industries

22 June 2020

The Guangdong Provincial People’s Government recently issued guidelines (Yue Fu Han No. 82 [2020]) on developing 10 strategic pillar industries and 10 strategic emerging industries in the province.More

Topics: Mainland China, strategic pillar industries, emerging industries

The Malaysian Watches and Clocks’ Market: Established Players and Distribution Channels

22 June 2020

Malaysia's watches and clocks market is dominated by many regional and international competitors, with sales led mainly by Swatch, Seiko, Rolex, Casio, Citizen and Fossil, but some local brands are gaining popularity.More

Topics: Watches & Clocks, Hong Kong, ASEAN, distribution channels, e-commerce

THAILAND: Overseas-Based Online Businesses Set to Become VAT-Liable

22 June 2020

Overseas-based e-commerce businesses and digital service providers are set to become liable for value-added tax (VAT) on all income derived from the country.More

Topics: ASEAN, Southeast Asia, vat, e-commerce

U.S. Export Restrictions on Huawei Revised

19 June 2020

On 15 June, U.S. Secretary of Commerce Wilbur Ross announced a new interim final rule to ensure that Huawei’s placement on the Entity List in May 2019 does not prevent American companies from contributing to standards-developing activities.More

Topics: North America, Mainland China, Export Control, policies & regulations

Lighthizer Says U.S. May Consider Lowering De Minimis Duty Exemption Threshold

19 June 2020

U.S. Trade Representative Robert Lighthizer said on 17 June that the Trump administration may consider a change to a policy that has facilitated the expansion of e-commerce and yielded lower costs for many importers.More

Topics: North America, USA, e-tailing, e-commerce

China Compulsory Certification Required for Automobile Brake Linings

19 June 2020

On 29 May, China’s Certification and Accreditation Administration released Implementation Rules for Compulsory Certification of Brake Linings for Automobiles (CNCA-C11-20:2020) (Announcement No. 12 [2020]).More

Topics: Mainland China, compulsory product certification, CCC

Customs Launches Pilots for Cross-Border E-Commerce B2B Export Supervision

19 June 2020

The General Administration of Customs issued an announcement on 12 June on matters of supervision for pilot projects of cross-border e-commerce business-to-business (B2B) export (Announcement No. 75 [2020]) to fully bring into play the positive role of cross-border e-commerce in stabilising business and securing stable employment and other aspects, and further promote the healthy and rapid development of cross-border e-commerce. More

Topics: Mainland China, cross-border e-commerce, e-commerce

State Council Sets out Implementation Plan for 2020 Government Work Report

19 June 2020

The State Council released a document (Guo Fa No. 6 [2020]) on 11 June detailing the division of work for the implementation of key tasks in the 2020 Government Work Report. More

Topics: Mainland China, employment, consumption

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