Search Results for: cross-border

CHINA | Initiatives to Address Foreign Businesses’ Core Concerns

On 13 August 2023, the State Council unveiled a set of 24 policy actions within its Opinion titled “ Opinions of the State Council on Further Optimising the Environment for Foreign Investment and Increasing Efforts to Attract Foreign Investment” (‘Opinions’).

The Opinions reflect the government’s active efforts to address core issues from foreign businesses, from improving foreign capital deployment, equitable treatment, increasing protection, streamlining investment procedures, and strengthening fiscal and tax support.

The Opinions strongly indicate the government’s support for foreign […]

Read more

CHINA | Navigating Customs Voluntary Disclosure Reforms

China Customs has been actively developing a customs voluntary disclosure system suited to its environment since the launch of the pilot project on enterprise self-regulation management in 2014.

The primary goal of this system is to implement the management concept of “promoting integrity, and punishing dishonesty” at the legislation level for enterprises, aiming to encourage responsible behaviour by the enterprise.

In line with this objective, the General Administration of Customs (“GAC”) has issued Announcement No. 161 of 2019 and Announcement […]

Read more

CHINA | Transferring Personal Data Abroad

Globalization and the digital economy have accelerated the international flow of data. Transmitting personal data abroad from China can be tricky to navigate – especially for companies with heavy data traffic.

Many companies transfer the personal information of individuals for daily business operations such as cross-border business or tourism, overseas Cloud storage or IT technology support, globalised employee management within multinationals, cross-border e-commerce, and so forth.

Personal data is confidential information related to privacy, personal property, and personal security. Therefore, data […]

Read more