Grace Shi

FinTech: Exciting business opportunities for Chinese firms in Lithuania

FinTech, short for Financial Technology, has grown from being a term for the technology utilized by financial institutions to an umbrella term for technological innovation in the financial sector, including more consumer-oriented services. Lithuani...
franchising china

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...
franchising china

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 ...
franchising china

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 ...

CIFTIS 2016 – ECOVIS Beijing participated at this year’s UrbanTec Asia Conference

From May 28th to June 1st, the China National Convention Centre hosted the 4th China International Fair for Trade in Services (CIFTIS). On this occasion, Koelnmesse organized the UrbanTec Asia Conference. Grace Shi, partner and co-founder of ECOVIS B...

Event Update: Automotive Roundtable

On May 19th, 2016, the Automotive Roundtable, organised by German Inspired Events, took place at the restaurant “Zeit Berlin”. The evening was full of people interested in the automotive industry and eager to learn the valuable insights that the gues...
Grace Shi ECOVIS Beijing

Grace Shi in an Interview about China´s developing Tax System with Taxlinked.net

Last week Grace Shi, partner at ECOVIS Beijing, was invited for an interview by Taxlinked.net, an online platform for lawyers, accountants as well as trustees, which allows professionals to connect, interact, exchange knowledge, find solutions togeth...
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IIT Update

Don´t miss the deadline! Prepare now! Starting form 2006, individuals whose annual income exceeds RMB120,000 will be required to file an annual tax return in the local tax bureau. Who is liable? First of all, it is necessary to determine whether a...
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Going Germany – Investor Conference 2015 in China

The Sino-German relations, especially in the field of economics and trade have a long history already. The last five years in particular have been fruitful in terms of cooperation and investments. Germany is, with over 50 billion USD the biggest Euro...
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Labor Market in China

For every successful business you also need successful and motivated employees to push it forward. Even if you are familiar with the labor market, hiring procedures and employment contracts in your own country, you may be surprised by some details yo...