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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Horizons will continue to update important business news and information related to the coronavirus epidemic. 5 Months Reduction on Employee Medical Insurance Premium The China Ministry of Finance, National Medical Insurance Bureau and Tax Bureau jointly announced the Guiding Opinions on the Periodic Reduction of Basic Employee Medical Insurance Premium (“Guiding Opinions”) measure on 21 February 2020.…
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An updated version of this post appears here. Further nationwide measures to support businesses in China have been announced At the 18 February State Council of the People's Republic of China executive meeting chaired by Premier Li Keqiang, the council announced policies that included a reduction in social insurance premiums and a deferment in payment…
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