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Newsletter October 2015 | View on web
EU SME Centre Newsletter_Get Ready for China

Legal Essentials for Operating a Business in China


This issue of our newsletter focuses on the essential legal aspects of operating a business in China, covering how to get money in and out of the country and how to comply with company reporting rules.

Take a look at our latest reports on China's ICT sector and tourism market to understand the recent trends. If you have a pharmaceutical business in China, note that the Chinese government will start issuing a new Drug Production Licence from January 1st 2016. Read more updates below. 
The EU SME Pavilion at World of Food Beijing 2015

Centre Events 

Partner Events 

Publication Highlights

Webinar Review


Key content include: 
  • How to Finance/Capitalise an FIE     
  • Operating Expenses of FIEs   
  • Making Operating- and Financing-related Cross-border Payments Out of China     
  • Wrapping Up Operations – Liquidation   
How to Comply with Company Reporting Rules in China

View this webinar to learn:
  • How to file an annual report and register changes with State Administration for Industry and Commerce  (SAIC);
  • FIE/ROs tax reporting obligations; 
  • The penalties for non-compliance.

SME Tip of the Month

 
The Chinese ICT market is a challenging arena for European SMEs. However, companies with a thorough knowledge of the market and a good network of local contacts will be able to benefit from China’s digital revolution. Get more advice here>


Business Risk Management in China

Managing business risk in China and creating a strong business risk management program is increasingly important in ensuring the success of an entity. Performing an annual business risk analysis is one effective tool used by companies in their risk management program to manage their business risk. Read more> 
(This article is provided by LehmanBrown.) 

SME Advocacy


China Plans to Implement National Unified Negative List System for Market Access in 2018

The Chinese government recently passed the Opinions on Implementing the Negative List System for Market Access, which clarifies that China will officially implement the national unified negative list system for market access in 2018, and the negative list of market access will be developed and released by the State Council in a unified manner. Read more>

China SFDA to Issue New Drug Production License from 1 Jan 2016

China’s State Food & Drug Administration (SFDA) introduced new versions of the Drug Production License and Preparations License of Medical Institutions in a recent announcement. SFDA will start to issue the two new licenses from January 1st 2016. Read more>

Regional Cities in China  
 

Haimen city, Jiangsu, ChinaHaimen City, Welcoming EU SMEs

With a population of just over one million, Haimen city - Jiangsu province - maintains geographical and logistical advantages being on the doorstep of Shanghai and has key industrial strengths in the pharmaceutical, biological, construction, and textile sectors.
 
The city is also boosting its investment in innovation infrastructure as evidenced by the development of Haimen Science & Technology Park which includes a Biotech & Medicine Centre, Science & Education Park, Hi-Tech Industrial Base and interestingly for EU SMEs an International SMEs Science Park. Read more>

Trade Fairs in China

 
Oct 31 - Nov 4, Guangzhou: The 118th Canton Fair
Nov 1 - 7, Qingdao: China Fisheries & Seafood Expo 2015
Nov 3 - 7, Shanghai: Metalworking and CNC Machine Tool Show
Nov 3 - 7, Shanghai: Energy Show 2015
Nov 11 - 13, Shanghai: International Wine & Spirits Exhibition(FHC)
Nov 18 - 20, Beijing: World of Food Beijing
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 The EU SME Centre is an initiative implemented with the financial support of the European Union.