Dear valuable clients and friends, We would like to express our sincerest gratitude for the trust you have placed in us throughout the year. 2021 was challenging and dynamic, yet we hope you will be enjoying the coming holiday season with your loved ones. May the New Year be filled with joy and good health.
Advisory and Corporate Services
Year: 2021
Pilot program of property tax in China
The National People’s Congress Standing Committee decided to carry out the pilot program of property tax reform in some areas on 23 October 2021. Period: Five years. It shall go into effect as of the date of promulgation, and the start time of the pilot program shall be determined by the State Council. Aims: 1)… Continue reading Pilot program of property tax in China
Going up to High West by Tak
Evening Ritual (June 2021) I am making a rule to do some evening hike up to High West. I did 123 times in 2021 and I am continuing to do that going into 2021. It is not easy to do it every day so I try to do it 3 to 4 times a week… Continue reading Going up to High West by Tak
CWCC Vaccination Encouragement Policy
Covid-19 vaccines are crucial for protecting ourselves from the widely spread epidemic. CWCC welcomes and encourages our staff to receive Covid-19 vaccination. Upon introducing our new vaccination encouragement policy to our HKSAR and Mainland China offices, staff who receives a dose of vaccine, before or after the policy is introduced, is entitled to paid leave… Continue reading CWCC Vaccination Encouragement Policy
EU-China Comprehensive Agreement on Investment – CAI #2
Highlights of CAI Impact to EU investors in China market 1. China’s market access commitments: Automotive Sector: 1) Remove and phase out joint venture requirements. 2) Allow market access for new energy vehicles. Finance Services: 1) Continue the liberalization of the financial services sector 2) Joint venture requirements and foreign equity caps removed for banking,… Continue reading EU-China Comprehensive Agreement on Investment – CAI #2
EU-China Comprehensive Agreement on Investment – CAI #1
Highlights of CAI Part 1 (general information on CAI) 1.27 EU Member States and China have reached an agreement in principle on 30 December 2020 through 35 rounds of negotiations on the Comprehensive Agreement on Investments (“CAI”). 2.Member countries are China and EU member States including, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia,… Continue reading EU-China Comprehensive Agreement on Investment – CAI #1
MAJOR MEASURES PROPOSED IN 2021-22 BUDGET
MAJOR MEASURES PROPOSED IN 2021-22 BUDGET In his Budget delivered on 24 February 2021, the Financial Secretary of HKSAR proposed the following major measures: Electronic consumption vouchers Issue $5,000 electronic consumption vouchers in instalments to each eligible Hong Kong permanent resident and new arrival aged 18 or above. Reducing profits tax, salaries tax and tax… Continue reading MAJOR MEASURES PROPOSED IN 2021-22 BUDGET
Highlights of RCEP
Highlights of RCEP 15 member countries signed the Regional Comprehensive Economic Partnership agreement (“RECP”) on 15 November 2020. The member countries are the ten ASEAN countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam) and other five partner countries (Australia, China, Japan, New Zealand and South Korea). The population of the… Continue reading Highlights of RCEP
Lunar New Year Blessings from CWCC
Dear Client, We would like to take this opportunity to wish you and your family a happy and prosperous Year of the Ox. Kung Hei Fat Choy 恭喜發財