Tag: Accounting
October 26, 2022
Decoupling from China: Are More Businesses Considering It?
Since 2020 the landscape for business globally has been redefined. Weaknesses on a global level have been exposed, from failures on...
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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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