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strategy

How China’s best performing brands localise for the China market

In recent years ‘localisation’ has been one of the buzzwords for foreign ...

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finance

Understanding Legal Proceedings in China

For foreign investors running businesses in China, it is very likely that they would ...

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profile

Taking Golden Bay to Beijing

From the remote South Island coastal community of Golden Bay, a natural health company ...

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commentary

eGates Open to Chinese Travellers

The first Chinese travellers to officially use the Customs eGates (formerly known as ...

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general

Mandarin language assistants welcomed

Forty eight Mandarin Language Assistants were officially welcomed to New Zealand ...

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Tax and Finance

New wave of financial reforms set to increase  acceleration of Renminbi internationalisation

New wave of financial reforms set to increase ...

Continued reforms by The People’s Bank of China (PBOC) are set to further accelerate the use of Renminbi (RMB) in international trade and investment and reinforce the move towards full convertibility of the currency. Reforms such as the widening of the RMB daily trading band, recent capital account deregulation and the...

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RMB Use Internationally Picks Up but Still Well Short of its Potential

RMB Use Internationally Picks Up but Still Well Short of ...

In 2010, China’s currency, the renminbi, picked up pace toward becoming a world currency. In June the Chinese government extended its renminbi trade settlement scheme to include 18 provinces and cities, as well as Guangdong province and Shanghai, which are now allowed to handle all international service transactions and...

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Tax: Time to review your RO

Tax: Time to review your RO

With the latest changes in the Chinese tax legislation, it is time for NZ investors with Representative Offices (ROs) in China to review their business plan.   ROs have been used by many foreign firms as the initial step to enter the Chinese market. An RO is a legal extension of the foreign head company and...

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Navigating through Taxing times in China

Navigating through Taxing times in China

Let’s face it; tax is confusing enough as it is without the legislation itself being unclear. Thankfully, China’s State Administration of Taxation (“SAT”) recognised that its Corporate Income Tax (“CIT”) law had fallen into this trap. Recently, the SAT has issued Circular 79 to clairfy...

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What the HK Double Tax Agreement Means for You

What the HK Double Tax Agreement Means for You

A long overdue and rather exciting announcement (for those who get excited about tax) is that New Zealand and Hong Kong are entering into Double Tax Treaty negotiations. While we have had a double tax agreement with China since 1986, Hong Kong has never been part of this. All those investing in China know that often it...

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Hedging Your Currency Bets

Hedging Your Currency Bets

An article appeared in the New Zealand Herald a few months ago which examined the currency hedging practices of Kiwi exporters. The conclusion seemed to be "damned if you do, damned if you don't". We asked our good friends at the HSBC what they thought and what tips they might have for exporters that are considering...

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FINANCE: China tax alert for year of Tiger

FINANCE: China tax alert for year of Tiger

Chinese New Year is the longest and most significant festival in China. It officially got under way on 14 February this year, shifting from the Year of Ox to the Year of Tiger. While most Chinese New Year celebrations are taking place in China, many companies outside China would be busy seeking to stay on top of the...

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