HKTDC RESEARCH

PAKISTAN: Customs Duty Cut on Range of Imported Raw Materials

16 February 2021

Pakistan’s Federal Board of Revenue (FBR) has announced further exemptions to the additional customs duty imposed last year, particularly with regard to the import of raw materials.More

Topics: Other Asian Countries, Pakistan, customs duty, import

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

Topics: Mainland China, Hainan Free Trade Port, ENCOURAGED INDUSTRIES

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

Topics: Mainland China, CATALOGUE OF ENCOURAGED INDUSTRIES FOR FOREIGN INVESTMENT, vat

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

Topics: Health & Beauty, Mainland China, cosmetics

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

Topics: Food & Beverages, Mainland China, food safety, certification

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

Topics: Technology, Mainland China, INDUSTRIAL INTERNET, manufacturing

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

Topics: Banking Services, Finance & Investment, Mainland China, Hong Kong, CROSS-BOUNDARY FINANCE, offshore renminbi

Hong Kong Start-Up Survey: Entrepreneurs and Businesses

10 February 2021

HKTDC Research conducted a questionnaire survey and in-depth interviews in mid-2020 about the domestic start-up ecosystem. The survey found that local entrepreneurs are young, highly educated people who want to develop new products by starting their own business. Their start-up capital mainly comes from personal savings, government funding and bank loans, ranging from hundreds of thousands of Hong Kong dollars up to several million.More

Topics: Hong Kong, Startup, entrepreneurship

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

Topics: Finance & Investment, Hong Kong, Mainland China, WEALTH MANAGEMENT CONNECT, Greater Bay Area

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

Topics: Technology, Mainland China, INDUSTRIAL INTERNET, 5g

Page of 805