China to Grant Ireland Unilateral Visa-Free Treatment, Deepening Bilateral Ties

Economy & Trade

On January 17, 2024, China announced the implementation of a unilateral visa-free policy for citizens of Ireland. The news came in the wake of Chinese Premier Li Qiang's bilateral meeting with Irish Prime Minister Leo Varadkar, and a reception hosted by Irish President Michael D. Higgins, signaling a further deepening in the diplomatic relations between the two nations.

Tax & Accounting

Asia Transfer Pricing Brief: Q4 2023

In our Asia Transfer Pricing Brief for Q4 2023, we discuss annual peer reviews of BEPS Action 13 and BEPS Action 5 as well as the MAP statistics released for 2022 and offer advisory on best practices for MNEs.

Human Resources & Payroll

China Implements Five New Measures to Ease Entry for International Travelers

Starting January 11, China's National Immigration Administration has begun implementing new measures to streamline visa applications and reduce border inspection in order to ease entry requirements for foreign travelers.

Economy & Trade

China Extends Unilateral Visa-Free Policy to Switzerland, Announces FTA Upgrade

China announced unilateral visa-free access for Swiss citizens and the initiation of an FTA upgrade, highlighting strengthened diplomatic ties and economic collaboration between the two nations amid geopolitical complexities.

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China Briefing

Economy & Trade

Economy & Trade

China to Grant Ireland Unilateral Visa-Free Treatment, Deepening Bilateral Ties

Jan 19

On January 17, 2024, China announced the implementation of a unilateral visa-free policy for citizens of Ireland. The news came in the wake of Chinese Premier Li Qiang's bilateral meeting with Irish Prime Minister Leo Varadkar, and a reception hosted by Irish President Michael D. Higgins, signaling a further deepening in the diplomatic relations between the two nations.

 

Tax & Accounting

Tax & Accounting

Asia Transfer Pricing Brief: Q4 2023

Jan 19

In our Asia Transfer Pricing Brief for Q4 2023, we discuss annual peer reviews of BEPS Action 13 and BEPS Action 5 as well as the MAP statistics released for 2022 and offer advisory on best practices for MNEs.

 

Legal & Regulatory

Legal & Regulatory

Navigating Contract Management in China: Key Insights from the Judicial Interpretation on Contract in the Civil Code

Jan 17

We discuss the Judicial Interpretation of the Contract Part, and explain key considerations for enterprises in China in the realm of contract management practices.

Industries

Industries

Navigating Hong Kong’s ESG Landscape: Regulations, Trends, and Opportunities

Dec 22

Hong Kong, positioned at the crossroads of finance and sustainability, emerges as a key player in the global ESG landscape. With robust regulatory frameworks, strategic green finance initiatives, and a surge in demand for ESG expertise, Hong Kong offers a vibrant ecosystem for sustainable finance.

  • China’s Medical Beauty Industry: Challenges, Trends, and Opportunities

    Industries Dec 06

    China's medical beauty market has emerged as a standout sector amid global economic challenges, exhibiting remarkable growth and resilience. Fueled by capital influx and a well-defined industrial chain, the industry has become a focal point for consumption growth within the broader beauty and healthcare sectors, offering an array of opportunities for foreign businesses and investors.

  • Understanding China’s New-Type Industrialization: An Explainer

    Industries Nov 29

    We discuss why China's new-type industrialization thrust is an opportune time for foreign businesses and investors looking to expand their presence in the Chinese market.

  • China's Outdoor Sports Industry: Growth Potential, Trends, and Opportunities

    Industries Nov 24

    We break down the factors driving growth in China's outdoor sports industry, including local preferences and demographic-linked habits. Foreign brands face growing competition from China firms but can customers at the premium and entry-level segments.

  • China's Machine Tool Industry: Market Trends and Opportunities

    Industries Oct 17

    China's machine tool industry, with a market value surpassing RMB 200 billion (approximately US$27.86 billion), heavily depends on foreign imports, creating diverse opportunities for global collaboration and investment, bolstered by substantial government incentives.

 

HR & Payroll

HR & Payroll

A Guide to Minimum Wages in China (Last Updated on January 17, 2024)

Jan 17

Coming into 2024, the new minimum wage standards of Henan, Jiangsu, and Zhejiang took effect from January 1. Liaoning's new minimum wage standards will come into effect on May 1.

 

Technology

Technology

New Standard Contract Guidelines Streamline Cross-Border Personal Information Transfer in the GBA

Jan 12

New guidelines allow companies to sign standard contracts to transfer personal information between Hong Kong and the Chinese mainland.

 

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