Tag: Accounting

September 22, 2022

Electronic Chop in China

Company chops are an essential part to the handling documents and managing internal and external affairs when doing business in China....
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February 18, 2022

Our Managing Partner: Raoul Schweicher’s 2022 Outlook on Business in China

Our managing partner Raoul Schweicher takes a look back on China's economic development in 2021 and shares his insights on the...
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December 10, 2020

The Chinese Accounting Standards: A Comparison between Chinese GAAP and IFRS

This article highlights the difference between IFRS and Chinese GAAP and how this may cause difficulties for foreign-invested companies in China.
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July 29, 2020

How does the State Administration of Foreign Exchange impact businesses in China?

We discuss how the State Administration of Foreign Exchange works, what their responsibilities are and how the SAFE impacts foreign companies...
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July 27, 2020

What is a Fapiao? The Invoicing system in China Explained

We discuss what a fapiao is, how it is different from an invoice, how to use fapiaos and where their importance...
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February 20, 2020

Accounting in China: Accrual- vs Cash-based Accounting

In China, foreign-invested enterprises are required to maintain a reliable record of accounting in accordance with Chinese accounting laws and principles...
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October 23, 2018

What are the Different types of Chinese Company Chops and How to Use Them?

Within China you need to use the official company chop to validate documents and operate a business. This article summarizes all...
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