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Insights

CW CPA Professional Insights on China and Cross-Border Business

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Hong Kong Companies (Amendment) Ordinance 2023: Virtual and Hybrid General Meetings

Gazetted on 27 January 2023, the Companies (Amendment) Ordinance 2023 (“Amendment Ordinance”) will come into force on 28 April 2023, which provides for the holding of completely virtual or hybrid general meetings by companies incorporated in Hong Kong. This article addresses the key changes as set out in the Amendment Ordinance and provides some practical tips to help you navigate certain important aspects relating to its implementation. Learn about the background and key amendments to the ordinance, as well as practical issues to consider. Discover how CW can assist you in navigating these changes.

New Opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area’s Industries of Strategic Importance

Discover the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), a unique proposition for overseas companies with untapped business opportunities. As an industrial, services, and innovation powerhouse with gigantic, thriving markets, the GBA is a prime destination to do business. Explore industry-specific opportunities in health tech, biotech, e-commerce, next-generation information technology, green tech, and manufacturing.

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

Explore tax incentives in China with this comprehensive guide on Corporate Income Tax (CIT) policies for 2022. Learn about preferential treatments for Small and Low-profit Enterprises, SMEs, TSMEs, HNTEs, and R&D expenses, as well as regional CIT incentives. Don't miss the 31 May 2023 deadline for annual CIT filing.

Guide to Opening a Corporate Bank Account in China

Discover essential tips for navigating China's banking landscape as a foreign investor, including how to set up a corporate bank account and understanding the various documentation requirements to ensure seamless business operations.

Guide to Opening a Representative Office in China

Regarded as the “lightest” company structure, a representative office (“RO”) can offer newcomers – who are not ready to take the plunge into uncharted waters with a hefty investment – a relatively easy and quick way to establish a foothold in China. This pared-down mode of presence in China has its merits as well as drawbacks, and you are well-advised to take them into careful consideration when deciding which structure best fits your business’ individual needs.

The Guangdong–Hong Kong–Macao Greater Bay Area (GBA) playing a central role in China’s digital economy

China has made the digital economy a crucial part of its national development strategy, with a goal to increase the output of core industries in the digital economy to 10% of the national GDP by 2025. The Guangdong-Hong Kong-Macao, Greater Bay Area, is one of the regions with the highest degree of digital economy development in China, creating abundant business opportunities for foreign companies.
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