In this edition of China Briefing magazine, we examine how foreign multinationals can take better advantage of IT in the gathering, storing, and analyzing of HR information in China. We look at how IT can help foreign companies navigate China’s nuanced payroll processing regulations, explain how software platforms are becoming essential for HR, and finally answer questions on the efficacy of outsourcing payroll and HR in China. 

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Countries across Asia have been amending their transfer pricing legislation to come into alignment with the OECD/G20 Action Plan for Tax Base Erosion and Profit Transfer Projects – or the BEPS Action Plan – since it was unveiled in 2015. China and the Hong Kong Special Administrative Region are no exceptions to this trend. In this issue of China Briefing magazine, we offer foreign investors a practical guide to navigating the new transfer pricing regime in China as well as an introduction to major changes happening in Hong Kong.

While cross border e-commerce (CBEC) is an attractive channel for foreign businesses to sell to China, misunderstandings over how CBEC in China works frequently end in costly disappointments and retreats from the market. In this issue of China Briefing magazine, we offer foreign investors a practical guide to selling to China through CBEC. We begin by introducing the market landscape, before diving in to the sector’s legal and regulatory framework. We then compare the advantages and disadvantages of different CBEC business models. Finally, we consider how to protect intellectual property in China when selling online.

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In China’s new era, socioeconomic issues such as a rapidly aging society, an uneasy transition towards a knowledge-based economy, and a highly polluted environment are becoming more important than relentless economic growth and expansion. And foreign investment into China must adapt to respond to these new priorities. In this issue of China Briefing magazine, we analyze macro-level foreign investment trends into China, and how the high-tech sector stands out above others. We then shift our focus to China’s healthcare sector in the context of policy reforms and demographic changes. We also examine how to invest in China’s education industry and how China’s war on pollution introduces new opportunities for foreign investors.

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Foreign investors often find China’s financial system to be one of the most difficult areas to navigate when establishing or growing their presence in the country. Navigating China’s tax system, and its complexities, requires time and commitment. In this issue of China Briefing magazine, we look at the factors that make China’s tax system unique, and identify steps foreign investors can take to manage its challenges. We first examine the issues that most commonly disorient foreign investors. We then discuss the importance of pre-investment capital planning, within the context of tough foreign exchange controls, before examining the ever-maturing regulations for the transfer pricing system. 

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China’s foreign investment landscape has experienced pivotal changes this year. The Middle Kingdom can still be a challenging place to do business, but its economy has outperformed expectations. In this issue of China Briefing magazine, we examine how foreign investors can capitalize on China’s latest FDI reforms. First, we outline new industry liberalizations in both China’s FTZs and the country at large. We then consider when an FTZ makes sense as an investment location, and what businesses should consider when entering one. Finally, we give an overview of China’s latest pro-business reforms that streamline a wide range of administrative and regulatory measures.

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While fraud is a well-known issue for foreign investors doing business in China, many companies underestimate the risks of fraud occurring from within their own organizations. The answer to limiting exposure to these risks is internal control. In this issue of China Briefing magazine, we explain what makes China’s internal control environment distinct, and why China-based operations need to prioritize internal control. We then outline how to execute an internal control review to gauge organizational resiliency and identify gaps in control points, and introduce practical internal controls for day-to-day operations. Finally, we explore why ERP systems are becoming increasingly integral to companies’ internal control regimes. 

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Businesses in China have a diverse array of HR and payroll needs, but what different industries have in common is the need to grapple with China’s complex and idiosyncratic payroll environment. In this issue of China Briefing magazine, we begin by laying out the challenges presented by China’s payroll landscape, including its peculiar Dang An and Hu Kou systems. We then explore how companies of all sizes are leveraging IT-enabled solutions to meet their HR and payroll needs, and why outsourcing payroll is the answer for certain company structures. Finally, we consider the potential for China to emerge as Asia’s premier payroll processing center. 

For further information, please visit Asia Briefing Publication Store at: http://www.asiabriefing.com/store/book/payroll-processing-in-china-challenges-and-solutions-6991.html

In this edition of China Briefing, we guide readers through a range of topics, from the reasons behind foreign investors’ preference for the WFOE as an investment model, to managing China’s new regulations. We discuss how economic transformations have favored the WFOE, as well as the investment model’s utility, and detail key requirements that businesspeople need to examine before initiating the WFOE setup process. We then walk investors through the WFOE establishment process, and, finally, explain the new and idiosyncratic “Actual Controlling Person” regulation.

Recent changes in China’s labor market have underscored the importance of having both an efficient HR system and a satisfied and reliable workforce, and the HR audit is a useful tool to ensure this. In this issue of China Briefing magazine, we provide a guide for conducting HR audits in China. We analyze why the HR audit is especially important for foreign companies operating in the country, and then detail the different HR audit models and procedures that are available to firms. Lastly, we explain how the employee handbook can serve as a year-round safeguard against labor disputes in the Middle Kingdom. 

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At the beginning of 2012, China began a massive overhaul of its tax system by initiating the replacement of business tax (BT) with value-added tax (VAT). Prior to the reform, VAT was levied only on the sale and import of tangible goods and on the provision of processing, repair, and replacement services, while BT was levied on the provision of all other services as well as the transfer of intangibles and property. As of May 2016, VAT has taken over almost all of BT's various functions, and is now effectively China's only form of consumption tax. In this edition of China Briefing, we walk readers through some of the most salient aspects of the VAT reform affecting foreign businesses in China. 

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The vast opportunities and still nascent potential of China's food & beverage market should not be viewed without their caveats. Competition is stiff, both from other international companies and growing domestic ones, and the regulatory environment is complicated, often inconsistent, and still very much a work in progress. In this edition of China Briefing, we examine two areas of Chinese food regulations most pertinent for foreign investors today – licensing and certification, and food safety standards. Both have undergone significant change in recent years, altering the way in which foreign companies must engage with the food & beverage industry, and must be thoroughly understood prior to market entry.

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2016 has seen the release of new laws that have revamped transfer pricing compliance for MNCs in China. If implemented early in a Chinese entity’s business life, a transfer pricing system can complement and support an MNC’s business model and commercial objectives, as well as optimize its global effective tax rate. Non-compliance with China’s new transfer pricing laws, however, can result in heavy penalties for an MNC, and subsequently eat into its bottom line. In this issue of China Briefing, we provide a guide to navigating China’s latest regulations, highlighting the main issues that exist for foreign companies, and explaining the various transfer pricing methods and processes that exist. 

For further information, please click here: http://www.asiabriefing.com/store/book/revisiting-transfer-pricing-in-china-a-year-of-new-regulations-6397.html

There are an abundance of opportunities for foreign involvement in China’s education sector, but a return on investment can only be realized with a firm prior understanding of the market environment and the selection of an appropriate investment vehicle. In this issue of China Briefing, we navigate through China’s regulatory framework for investment into education, presenting a roadmap for best practices in the industry. We examine the key market information that has driven the industry’s growth, analyze the different investment models that are available for foreign companies, and finally discuss the effect that China’s recently released NGO law will have on foreign investment into education.

A firm understanding of China’s laws and regulations related to human resources and payroll management is absolutely necessary for foreign businesses in China. This edition of HR and Payroll, updated for 2016/17, navigates China’s laws and regulations related to HR and payroll management – essential information for foreign investors looking to establish or already running a foreign-invested entity in China.

In this issue of China Briefing magazine, we set out to guide foreign investors through the mergers and acquisitions process, from initial market research, to set-up procedures and regulatory hurdles, and finally through important due diligence considerations. With experience in China’s M&A market since 1992, Dezan Shira & Associates is perfectly positioned to ensure that the M&A is the right investment vehicle for your company’s venture into China. 

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In this issue of China Briefing magazine, we present a roadmap for investing in China’s elder care industry. We provide the latest market research, detail the procedures and benefits for foreign direct investment, and examine the main barriers and risks that foreign companies are likely to encounter when entering the market.

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In this edition of China Briefing magazine, we present a roadmap for investing in China’s e-commerce industry. We provide a consumer analysis of the Chinese market, take a look at the main industry players, and examine the various investment models that are available to foreign companies. Finally, we discuss one of the most crucial due diligence issues that underpins e-commerce in China: ensuring brand protection. 

For further information, please visit Asia Briefing Ltd, Publication Store at www.asiabriefing.com/store

Transfer Pricing in China 2016, written by Sowmya Varadharajan in collaboration with Dezan Shira & Associates and Asia Briefing, explains how transfer pricing functions in China. It examines the various transfer pricing methods that are available to foreign companies operating in the country, highlights key compliance issues, and details transfer pricing problems that arise from intercompany services, intercompany royalties and intercompany financing. 

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Establishing & Operating a Business in China 2016, produced in collaboration with the experts at Dezan Shira & Associates, explores the establishment procedures and related considerations of the Representative Office (RO), and two types of Limited Liability Companies: the Wholly Foreign-owned Enterprise (WFOE) and the Sino-foreign Joint Venture (JV). The guide also includes issues specific to Hong Kong and Singapore holding companies, and details how foreign investors can close a foreign-invested enterprise smoothly in China. 

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This edition of Tax, Accounting, and Audit in China, updated for 2016, offers a comprehensive overview of the major taxes foreign investors are likely to encounter when establishing or operating a business in China, as well as other tax-relevant obligations. This concise, detailed, yet pragmatic guide is ideal for CFOs, compliance officers and heads of accounting who must navigate the complex tax and accounting landscape in China in order to effectively manage and strategically plan their China operations. 

For further information, please visit the Asia Briefing bookstore at: www.asiabriefing.com/store

In this issue of China Briefing magazine, we examine China’s four Free Trade Zones and discuss the differences and strengths that exist in each of them. We begin by providing an introduction to the FTZs, and then take an in-depth look at the market access conditions, registration procedures and tax environments of each. Finally, we highlight some of the key considerations that foreign companies should be aware of when choosing an FTZ to invest in. 

For further information, please visit the Asia Briefing  at: www.asiabriefing.com/store

In this issue of China Briefing, we discuss how best to manage HR disputes in China. We begin by highlighting how China's labor arbitration process - and its legal system in general - widely differs from the West, and then detail the labor disputes that foreign entities are likely to encounter when restructuring their China business. We conclude with a special feature from Business Advisory Manager Allan Xu, who explains the risks and procedures for terminating senior management in China. 

For further information, please visit the Asia Briefing bookstore at: www.asiabriefing.com/store

In this issue of China Briefing, we provide a comprehensive analysis of the various annual compliance procedures that foreign invested enterprises in China will have to follow, including wholly-foreign owned enterprises, joint ventures, foreign-invested commercial enterprises, and representative offices. We include a step-by-step guide to these procedures, list out the annual compliance timeline, detail the latest changes to China’s standards, and finally explain why China’s audit should be started as early as possible. 

For further information, please visit the Asia Briefing bookstore website here: www.asiabriefing.com/store

Selling, Sourcing & E-Commerce in China 2016, produced in collaboration with the experts at Dezan Shira & Associates, provides a comprehensive analysis of all the aspects of commerce in China. It discusses how foreign companies can best go about sourcing products from China; how foreign retailers can set up operations on the ground to sell directly to the country’s massive consumer class; and finally details how foreign enterprises can access China’s lucrative yet ostensibly complex e-commerce market. 

For further information, please visit: www.asiabriefing.com/store

In this special edition of China Briefing magazine, we highlight how and why foreign companies will be negatively affected by China’s internet, and provide methods to help solve these problems. We discuss ISP selection, internet connection types, CDNs and VPNs, and internal control systems. Finally, we examine the importance of network security in China and how it can help augment a company’s internet connection. 

For further information, please visit: www.asiabriefing.com/store

In this issue of China Briefing, we present a roadmap for investing in China’s automotive industry. We begin by providing an overview of the industry, and then take a comprehensive look at key foreign investment considerations, including investment restrictions, tax incentives and manufacturing requirements. Finally, we discuss foreign investment opportunities in a part of the industry that receives substantial government support: new energy vehicles. 

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In this issue of China Briefing, we shed light on the practice of accounting in China. We start out by introducing the reader to the development of the Chinese accounting standards, and their main differences compared to international standards. Next, we explore an important aspect of accounting for foreign investors in China, the use of foreign currency. We conclude this issue with an interview with one of Dezan Shira & Associates’ Senior Managers on some of the key concerns foreign investors might have when it comes to outsourcing accounting and bookkeeping. 

- See more at: http://www.asiabriefing.com/store/category/china-briefing-english#sthash.Xtm2rs8a.dpuf

A firm understanding of China’s laws and regulations related to human resources and payroll management is essential for foreign investors looking to establish or already running a foreign-invested entity in China, local managers, and HR professionals needing to explain complex points of China’s labor policies.

In China, there is a wide range of government institutions involved in HR processes, and while key laws are drafted by the central government, numerous bylaws and regulations are instituted at a local level. The topic is too complex to be covered in complete detail in one book, so the term “guide” is quite appropriate for the nature of this publication. However, companies should still seek professional advice to deal with any specific situation they face relating to HR.

This guide was produced in consultation with Dezan Shira & Associates, a specialist foreign direct investment practice providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia.

Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy, Germany and the United States. Dezan Shira & Associates’ experienced business professionals are committed to improving the understanding and transparency of investing in emerging Asia.

- See more at: http://www.asiabriefing.com/store/book/human-resources-payroll-in-china-2015-4th-edition-544#sthash.39V8CrJE.dpuf

A firm understanding of China’s laws and regulations related to human resources and payroll management is essential for foreign investors looking to establish or already running a foreign-invested entity in China, local managers, and HR professionals needing to explain complex points of China’s labor policies.

In China, there is a wide range of government institutions involved in HR processes, and while key laws are drafted by the central government, numerous bylaws and regulations are instituted at a local level. The topic is too complex to be covered in complete detail in one book, so the term “guide” is quite appropriate for the nature of this publication. However, companies should still seek professional advice to deal with any specific situation they face relating to HR.

This guide was produced in consultation with Dezan Shira & Associates, a specialist foreign direct investment practice providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia.

Since its establishment in 1992, the firm has grown into one of Asia’s most versatile full-service consultancies with operational offices across China, Hong Kong, India, Singapore and Vietnam as well as liaison offices in Italy, Germany and the United States. Dezan Shira & Associates’ experienced business professionals are committed to improving the understanding and transparency of investing in emerging Asia.

- See more at: http://www.asiabriefing.com/store/book/human-resources-payroll-in-china-2015-4th-edition-544#sthash.UQLAvrNg.dpuf

China Briefing - English Magazine Cover - How to Manage Transfer Pricing in China Edition

How to Manage Transfer Pricing in China

China Briefing - English Magazine - How to Manage Transfer Pricing in China

China Briefing - English Magazine Cover - Cross Border e-Commerce in China Edition

Cross Border e-Commerce in China

China Briefing - English Magazine - Cross Border e-Commerce in China

China Briefing - English Magazine Cover - China Industries Outlook 2018 Edition

China Industries Outlook 2018

China Briefing - English Magazine - China Industries Outlook 2018

China Briefing - English Magazine Cover - Managing China's Financial System Edition

Managing China's Financial System

China Briefing - English Magazine - Managing China's Financial System

China Briefing - English Magazine Cover - China's Investment Landscape: Finding New Opportunities Edition

China's Investment Landscape: Finding New Opportunities

China Briefing - English Magazine - China's Investment Landscape: Finding New Opportunities

China Briefing - English Magazine Cover - Internal Control in China Edition

Internal Control in China

China Briefing - English Magazine - Internal Control in China

China Briefing - English Magazine Cover - Payroll Processing in China: Challenges and Solutions Edition

Payroll Processing in China: Challenges and Solutions

China Briefing - English Magazine - Payroll Processing in China: Challenges and Solutions

China Briefing - English Magazine Cover - New Considerations when Establishing a China WFOE in 2017 Edition

New Considerations when Establishing a China WFOE in 2017

China Briefing - English Magazine - New Considerations when Establishing a China WFOE in 2017

China Briefing - English Magazine Cover - Navigating HR Audits in China Edition

Navigating HR Audits in China

China Briefing - English Magazine - Navigating HR Audits in China

China Briefing - English Magazine Cover - Evaluating China's VAT Reform Edition

Evaluating China's VAT Reform

China Briefing - English Magazine - Evaluating China's VAT Reform

China Briefing - English Magazine Cover - China Investment Roadmap: the Food &amp; Beverage Industry Edition

China Investment Roadmap: the Food &amp; Beverage Industry

China Briefing - English Magazine - China Investment Roadmap: the Food &amp; Beverage Industry

China Briefing - English Magazine Cover - Revisiting Transfer Pricing in China: a Year of New Regulations Edition

Revisiting Transfer Pricing in China: a Year of New Regulations

China Briefing - English Magazine - Revisiting Transfer Pricing in China: a Year of New Regulations

China Briefing - English Magazine Cover - China Investment Roadmap: the Education Sector Edition

China Investment Roadmap: the Education Sector

China Briefing - English Magazine - China Investment Roadmap: the Education Sector

China Briefing - English Magazine Cover - Human Resources & Payroll in China 2016-2017 (5th Edition) Edition

Human Resources & Payroll in China 2016-2017 (5th Edition)

China Briefing - English Magazine - Human Resources & Payroll in China 2016-2017 (5th Edition)

China Briefing - English Magazine Cover - Understanding Mergers & Acquisitions in China Edition

Understanding Mergers & Acquisitions in China

China Briefing - English Magazine - Understanding Mergers & Acquisitions in China

China Briefing - English Magazine Cover - China Investment Roadmap: the Elderly Care Industry Edition

China Investment Roadmap: the Elderly Care Industry

China Briefing - English Magazine - China Investment Roadmap: the Elderly Care Industry

Published 10 times a year, China Briefing Magazine covers legal, tax, and operational issues affecting foreign investors in China. The magazine enjoys a devoted following developed over a decade of providing practical technical information to business executives and investors.

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and the App that provides you the capability to order, subscribe to and receive the delivery of various magazines, books, news and magazine and publication related content (collectively known as 'Publications') and to have these digital versions of the Publications delivered to you

c. We also collect information associated with your use of the application in order to make personalized recommendations. If you provide your third-party account credentials to us, you understand some content and/or information in those accounts (“Third Party Account Information”) may be transmitted into your account with us if you authorize such transmissions, and that Third Party Account Information transmitted to the Service is covered by this Policy.

f. The Personal Information we collect allows us to respond to your requests, improve our products and services, customize the advertising and content you see, and communicate with you about new products.

is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

n. We will also use usage information in order to ensure users adhere to our Terms of Use. For example, a user’s usage information will help us confirm that a user only downloads a magazine or other content a permitted number of times or to a permitted number of devices.

which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

China Briefing - English Magazine - How IT is Changing Payroll Processing and HR Admin in China

China Briefing - English Magazine - How IT is Changing Payroll Processing and HR Admin in China

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