China Launches Pilot Program For Foreign Investment In Medical Industry
China’s Ministry of Commerce, National Health Commission and the State Food and Drug Administration, have issued Circular [Shang Zihan (2024) No. 568], …
Financial Services & Investment
Hainan Free Trade Port Expands “Zero Tariff” Policy for Drugs and Medical Devices
In line with China’s ongoing efforts to boost the development of the Hainan Free Trade Port, a new “zero tariff” policy has been introduced to facilitate the import of drugs …
China Approves 2024 Negative List For Foreign Investment Access
China’s State Council has approved the updated Negative List for Foreign Investment Access (2024 Edition). Restrictions on foreign investment in the manufacturing …
China Issues Guidelines to Improve the Market Access System
On August 1, 2024, the General Office of the Central Committee of the Communist Party of China (CPC) and the General Office of the State Council issued a comprehensive set of guidelines aimed at improving China’s market access system.
China Implements Measures To Simplify Cross-Provincial Relocation Of Taxpayers
On July 29, 2024, China’s State Administration of Taxation (SAT) issued a circular titled “Further Facilitating the Cross-regional Migration of Taxpayers and Serving the …
Preferential CIT Policy for Green and Intelligent Development
On July 12, 2024, the Ministry of Finance and the State Administration of Taxation issued Announcement No. 9, unveiling a new enterprise income tax policy aimed …
China Releases New Tax Guidelines to Boost Manufacturing: Empowering High-End, Intelligent, and Green Growth
To strengthen the manufacturing sector, the Ministry of Finance and the State Administration of Taxation recently released the “Guidelines for China’s Main Tax …
New Pilot Program on Foreign Ownership for Value-Added Telecommunications Services
In a move to further open up China’s economy and align with international economic standards, the Ministry of Industry and Information Technology (MIIT) has …
Hainan Free Trade Port Updates 2024 Catalogue of Encouraged Industries
As part of China’s strategic initiative to transform Hainan into a world-class free trade port, the government has released the 2024 Edition of the Catalogue of Encouraged …
China Releases Action Plan to Attract and Utilize Foreign Investment
In an effort to bolster its economic modernization and strengthen ties with the global economy, China’s State Council has unveiled the “Action Plan for Solidly Promoting …