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China’s Ambitious 2025 Action Plan to Spur Foreign Investment

On 19 February 2025, China’s Ministry of Commerce (“MOFCOM”) and National Development and Reform Commission jointly issued the 2025 Action Plan for Stabilising Foreign Investment (“Action Plan”). Policymakers have repeatedly affirmed the pivotal role played by foreign investment in the pursuit of high-quality opening-up. The Action Plan, therefore, serves as the logical and natural continuation of these long-standing efforts to nurture innovative productive forces. The 20 measures under 4 aspects specified in the Action Plan are to be implemented nationwide by the end of 2025. Details regarding ancillary measures to facilitate their effective and efficient implementation will be released in due course.

Latest Insights

China Further Relaxes Visa-free Transit Policy

China has expanded its visa-free transit policy, effective 17 December 2024, to allow eligible foreign nationals to stay up to 10 days (240 hours), up from the previous 72-144 hours. The policy also increases the number of visa-free entry ports from 39 to 60, with new additions in Anhui, Guizhou, Hainan, Jiangxi, and Shanxi provinces. Nationals from 54 countries, including the US, UK, and Brazil, qualify for this policy. Additionally, China’s unilateral visa exemption program now offers extended stays of up to 30 days and includes academic and cultural exchanges as valid travel purposes.

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Foreign Direct Investment (FDI) in Guangzhou: A 2024 Overview

Foreign direct investment (FDI) continues to shape Guangzhou’s economic growth, cementing its position as a hub for global enterprises. From record-breaking FDI growth in 2023 to milestones achieved in 2024, Guangzhou remains a strategic destination for investors. Key industries, including advanced manufacturing, electronic information, and services, contribute to its diverse industrial base. As a vital part of the Guangdong-Hong Kong-Macao Greater Bay Area, Guangzhou’s pro-business policies and infrastructure attract top global companies. CW CPA provides tailored solutions to navigate FDI opportunities, ensuring compliance and operational efficiency. Learn more about FDI trends and prospects for 2025 in this comprehensive overview.

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Regulatory Updates

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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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.

Market Entry, Industry Updates and More...

Stunning shot of Hong Kong's illuminated skyline at night, featuring skyscrapers and Victoria Harbour.

Hong Kong budget for Fiscal Year 2025-26

Hong Kong’s 2025-26 Budget, announced by Financial Secretary Paul Chan, focuses on economic growth through innovation and industry upgrades. Key measures include tax reliefs, enterprise support, and incentives for technology, finance, trade, and green development. Salaries and profits tax reductions, SME financing support, and infrastructure investments aim to boost competitiveness. While Hong Kong faces geopolitical and economic challenges, the budget prioritizes stability and long-term growth. The government maintains its simple tax regime and introduces targeted initiatives to strengthen its business hub status. CW welcomes these measures, supporting businesses in navigating opportunities and ensuring sustainable development.

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