2017

Compliance

Compliance Special Edition 2017

The year 2016 brought with it several changes for foreign companies in China. Stay up to date and compliant with our 2017 Compliance Special Edition! Read now to know all about: Important deadlines and dates Required documents for the annu...
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New Regulations on Chinese Financial Accounts

On May 19th, 2017, several Chinese agencies, including the Central Bank and the Ministry of Finance, announced new requirements for all financial accounts.  The new requirements will take effect July 1st, though institutions will have one year to ma...
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New Cybersecurity Regulations to Begin on June 1st

New cybersecurity regulations, passed November of last year, will be taking effect on 1 June 2017. According to the new regulations, “internet service providers cannot collect user information that is irrelevant to the services, and they should handl...
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China to Introduce Ranking System for all Companies in China

A report published by the Mercator Institute for China Studies (MERICS) in late May provides a detailed look at China’s upcoming “Enterprise Social Credit” policy. The report claims that while this new system will help the Chinese government address ...
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Update: China Releases New Draft Regulations Regarding Cyber Security of Online Services and Product...

After adopting the first Cyber Security Law in November 2016, China is coming up with new regulations for the risk and quality evaluation of online products and services. On 4 February, the Cyberspace Administration of China (CAC) released draft reg...
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ECOVIS Beijing 2017 Outlook

The Chinese economy has ended 2016 on a positive note. In December, the Purchasing Managers’ Index (PMI) reached 53.4, up from 53.1 in November. It also reached its highest level since July 2015, indicating a relatively optimistic outlook of Chinese ...