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.
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.
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.
We discuss the Judicial Interpretation of the Contract Part, and explain key considerations for enterprises in China in the realm of contract management practices.
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.
New guidelines allow companies to sign standard contracts to transfer personal information between Hong Kong and the Chinese mainland.
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