News & Updates

On the 18th of January, the Chinese government published the quarterly economic data for the fourth quarter of 2020, which concludes the economic year of 2020. After the first quarterly decrease of GDP in Q1 since 1978, and the subsequent recovery of the Chinese economy Q2 and Q3, the economic data showed a continued trend of recovery with an increase in year-on-year GDP by 6.5% for Q4 of 2020.

Due to the outbreak of COVID-19, 2020 has been a challenging year for most businesses. The changing business climate caused several topics to become of increased importance for companies with subsidiaries in China. We have created an overview of the most important articles by Moore - MS Advisory in 2020, covering the subjects of increased importance in these turbulent times.

China's Negative List for foreign investment provides guidance and governs industry sectors in which foreign investment is prohibited or restricted. In July 2020, the Negative List was updated and the measures limiting foreign investment into China were reduced for the fourth consecutive year in a row, with the Chinese government citing its long-term commitment to reform and opening of its economy as well as the impact of COVID-19.

This article highlights the difference between IFRS and Chinese GAAP and how this may cause difficulties for foreign-invested companies in China.

In this article we discuss the method for individuals to transfer income from employment to a bank account abroad safely and compliantly.  

According to Chinese government data published on Monday, the V-shaped recovery of the Chinese economy in Q2 was continued with positive growth in Q3 and on a year-on-year basis.

We provide an overview of everything you need to know about China's Individual Income Tax system.

For the 5th consecutive year, we conducted the Sino Benelux Business Survey to provide insights into the experiences, challenges and opportunities of Benelux businesses in China, the business sentiment.

When hiring employees in China, employers must abide by relevant laws and regulations and as such are required as well to make contributions to social security and the housing provident fund.
In this article, we provide an extensive overview of China's social security system and the housing provident fund from an employer's perspective.

Providing a shareholder loan to a Chinese subsidiary is limited to the so-called foreign debt quota. In this article we discuss the two methods used to determine the quota.