China Market Intelligence

October 30th, 2019
By Melinda Xu, Banny Wang, Xuhong Zhao
Several provincial governments appointed banking executives to key political positions, which may indicate a greater focus on financial reform and intensifying competition between regions. China recently announced personnel changes, including at the Ministry of Foreign Affairs and the State Council offices in charge of Macau and Taiwan affairs. CBIRC is now operating with only five active vice chairmen.

As the fourth plenary session of the 19th Central Committee of the Communist Party of...

September 4th, 2019
By Erin Slawson
A recently withdrawn extradition bill and related protests in Hong Kong have driven some to question US policy toward  the special administrative region. Many in Congress are pushing for the United States to examine its special treatment of Hong Kong with closer scrutiny. While President Trump has called for a humane solution to the protests, there is no sign that official US policy toward Hong Kong will change for the time being.

When Hong Kong was returned to China by the United Kingdom in...

August 7th, 2019
By Angela Deng
Most of the openings are unlikely to have a significant impact on foreign companies. While some of the opening measures repeat previous promises, it is unclear if the announcements signal China’s intention to make significant movements in these areas. Whether real openings are achieved depends on the details of implementing regulations, if any will be released.

On July 20, China announced 11 opening measures for its financial services industry. While they have been portrayed in the media as...

May 8th, 2019
By USCBC staff

Little progress has been made in the last month to improve processing times in Shanghai for US business visa applications. According to updated data provided by the US State Department, wait times in Shanghai have extended to two and a half months, though shorter times continue to be reported for other locations in China.

Location

Appointment wait time

Beijing

21 days

...

April 24th, 2019
By USCBC Staff
The National People’s Congress Standing Committee (NPCSC) this week approved amendments to eight laws, including the Trademark Law, the Anti-Unfair Competition Law (AUCL), and Administrative Law. Trademark Law changes focus on punishing bad faith trademark applications, but do not introduce criminal penalties, and will come into effect November 1, 2019. AUCL and Administrative Law amendments add protections for trade secrets, but fall short of comprehensive reform, and immediately went into...
April 24th, 2019
By Melinda Xu and Sun Yi
Leadership changes were made at the Securities Regulatory Commission, Ministry of Commerce, National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Finance, and other departments. Shanghai and Guangdong provinces have promoted several new deputies, vice-governors and vice-mayors. Promotion of the "Post-70," or government officials born after 1970, is accelerating, and more state-owned enterprise executives took to political posts.

Each year...

April 10th, 2019
By Shen Wang and Yan Yu
China’s State Council announced that it will be reducing the tax rate on a variety of daily consumer goods, including books, cameras, and bicycles. The tax reduction is meant to boost domestic consumption and could benefit cross-border trade, ecommerce, and logistics industries.

On April 8, the State Council Customs Tariff Commission announced that it will be revising the system for personal postal articles tax (PPAT)—which was introduced in 2010 and targets small parcels bought by...

April 10th, 2019
By Angela Deng
A new financial policy called “financial supply-side structural reform” could lead to more funds being funneled into the private sector. Depending on how the policy is implemented, China’s financial market could become more competitive, allowing new players and financial products, and possibly providing more opportunities for foreign financial services companies. China has launched the Science and Technology Board which aims to raise funds domestically for tech startups in emerging industries...
March 27th, 2019
By Chynna Hawes and Jack Kamensky
Recent developments, such as the incorporation of the State Council Legislative Affairs Office into the Ministry of Justice, have increased the role of the Party in China’s legislative process. At the same time, efforts to improve legislative procedural processes provide increased opportunities for companies to participate, such as open comment periods and engaging with experts, associations, and academics involved in drafting legislation.   

China’s legislative process continues...

March 5th, 2019
By USCBC Staff

In a report at the opening ceremony of China’s annual National People’s Congress (NPC) Tuesday, Premier Li Keqiang announced that China will reduce the value-added tax (VAT) rate in manufacturing, construction, and transportation and increase spending on infrastructure. The move will benefit both domestic and foreign businesses operating in China.

The VAT rate on manufacturers will be lowered to 13 percent in 2019 from 16 percent, while the rate for the...

Pages