Articles

German Companies Deepen Investment in China Amid Strategic Growth in 2024 and 2025

German companies are intensifying their investments in China, signaling strong confidence in the market’s long-term potential. Key sectors like automotive, chemicals, and fashion are leading this growth. Mercedes-Benz and Volkswagen are advancing electric vehicle (EV) innovations tailored for China, while BASF commits €10 billion to a new chemical production facility. Hugo Boss is expanding its retail footprint to capture China’s demand for premium products. With €7.3 billion in Foreign Direct Investment in the first half of 2024, Germany’s “In China, for China” strategy emphasizes localization and sustainability. Despite geopolitical challenges, German firms remain focused on fostering strategic growth and partnerships.

24 January, 2025

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The Automotive Spare Parts Industry in the Greater Bay Area

13 May, 2023

The automotive spare parts industry in the Greater Bay Area (GBA) is experiencing significant growth, driven by demand for high-quality products and innovation. The GBA is home to major automobile manufacturers and suppliers, and it has a well-developed supply chain network supported by advanced logistics infrastructure. The industry is also actively involved in the development of sustainable transportation systems, including electric vehicles (EVs) and infrastructure for EV charging. There are opportunities for overseas investors, with Guangzhou being a prominent destination for foreign investment in manufacturing. However, SMEs in the industry face challenges such as rapidly changing technology, competition, funding limitations, and supply chain disruptions. Despite these challenges, the GBA’s automotive spare parts industry is poised for continued growth and success.

China Releases Final Version of Standard Contract Measures for Outbound Personal Information Transfers

15 April, 2023

China’s new Measures on Standard Contracts for the Export of Personal Information (Measures) come into force on June 1, 2023. The Measures provide a clear and comprehensive framework for the export of PI from China. Companies that conduct cross-border data transfers should carefully review the Measures and take steps to ensure compliance.

Dong Business in China

Our China Guides comprise a series of informative articles that provide insights on efficiently handling the compliance responsibilities and administrative formalities associated with establishing and scaling up your business in Mainland China.

Dong Business in Hong Kong

Are you looking to setting up a company in Hong Kong? Checkout our a series of comprehensive guides on how to set up and operate a business in Hong Kong.

Expanding your business into

Greater Bay Area

The Greater Bay Area (GBA) of China presents vast opportunities for businesses seeking to expand their operations in the region. The GBA comprises nine cities in Guangdong Province, Hong Kong, and Macau, with a combined population of over 70 million and a GDP of approximately USD 1.6 trillion. It is a critical part of China’s economic development strategy, aimed at creating a world-class metropolis and driving economic growth in the region.

We have a series of informative articles that delve into the various business opportunities available in the GBA. These articles cover a wide range of industries, including finance, technology, logistics, and tourism, among others. We provide insights on the GBA’s market potential, investment incentives, regulatory environment, and emerging trends that businesses can capitalize on.

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Finance and Taxation

China Pushes for Nationwide Adoption of Fully Digitalised E-Invoices

Effective 1 December 2024, China’s State Administration of Taxation (SAT) has implemented fully digitalised e-invoices, or e-fapiao, nationwide. This initiative simplifies invoicing processes, replacing traditional paper-based invoices with a streamlined digital format featuring 17 key elements, including a unique 20-digit identification code. Legally equivalent to paper invoices, the e-invoice reduces administrative burden and enhances tax compliance. The move underscores China’s commitment to modernizing tax administration while promoting efficiency and standardization for businesses and consumers. By eliminating the need for duplicate copies, the digital system improves usability and supports the broader digital transformation of the country’s financial ecosystem.

China Adjusts Export Tax Rebates for Certain Goods

Hong Kong Publishes Outcomes from Pillar Two Tax Regime Consultation

The New Era of Customs Duties: A Comprehensive Analysis of the Law of the People’s Republic of China on Customs Duties (2024) and its Comparison with the 2017 Regulations

Exploring Hong Kong’s Patent Box Regime

China Extends Tax Incentives for Import Goods Sold at Canton Fair for 2024-2025

The State Administration of Taxation Announces Comprehensive Support Measures for Small and Micro Enterprises

Summary of Hong Kong Taxes 2024-25

Hong Kong to Introduce Amendments to Enhance Aircraft Leasing Preferential Tax Regime

Critical Timing for Grasping Tax incentives — China’s Annual CIT Filing for Fiscal Year 2022 in 2023

Market Entry, Industry Updates and More...

Hong Kong Unveils New Cybersecurity Bill

Hong Kong has introduced the Protection of Critical Infrastructures (Computer Systems) Bill (“PCI Bill”), aiming to safeguard critical infrastructure sectors like banking, healthcare, telecommunications, and transport from cyber threats. The bill imposes obligations on operators, including establishing specialist cybersecurity units, adopting preventive measures, and promptly reporting incidents. A Commissioner’s Office will oversee compliance and assist during emergencies. By aligning with international standards, the PCI Bill enhances Hong Kong’s cybersecurity framework, ensuring operational continuity in critical sectors. Businesses should prepare to meet the bill’s requirements and strengthen their cybersecurity protocols.

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