Tag: China business

Doing business in China: How foreign businesses and their brands can enter China’s e-commerce market

China’s e-commerce market is one of its fastest-growing business sectors. Despite the effects of the COVID-19 pandemic, online sales in China are increasing and during the second shopping festival held from 1-18 June 2020, Jingdong e-commerce platform reported online sales of RMB 269.2 billion (USD$39.5 billion). For foreign businesses and brands seeking to enter China’s…

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China’s Unreliable Entity List: what is the impact for foreign entities in China

On 19 September 2020, the Ministery of Commerce issued the Provisions on the Unreliable Entity List (the “Provisions”). The Provisions establish a legal framework that provides initial procedures for the designation of non-Chinese enterprises, other organizations, or individuals of a foreign country (“foreign entity”) that act contrary to China’s interests.  Purpose of the Provisions  While…

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Business Operations 101: How to open a company bank account in China under constraints related to the coronavirus pandemic

At Horizons, we encounter numerous queries about opening a company bank account in China, especially during the COVID-19 pandemic. For practical purposes, a company bank account should be opened upon the receipt of the business license. For foreign companies operating in China, two accounts should be opened in order for a business to commence with…

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Under the direction of Premier Li, China sets actions to strengthen its business environment

Over the years, China’s governmental procedures for the incorporation of companies and corporate administration have been simplified to accelerate and strengthen doing business in China. Despite the onslaught of COVID-19 and its economic effects, the objective of optimising the business environment for both domestic and foreign companies in China remains unchanged. If fact, the State…

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Select foreign nationals are green-lighted for fast-track channels to return to China for work purposes: Koreans, Japanese, Singaporeans, Germans, French, British, Swiss and Italians are now eligible

More than two months after the 28 March announcement by the Ministry of Foreign Affairs of the temporary suspension of all foreign nationals entering China, large numbers of foreigners holding work visas have been stuck in limbo waiting to re-enter the country. With the latter situation, there has been great interest in news stories about…

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