Finance

In this six-part business guide to doing business in China produced by Hawksford, we’ll give an overview of what you need to consider before entering the market. Ranging from localisation, to the legal and banking systems, to type of company set up. This series is a great jumping-off point to understand the many nuances of doing business with China. PART 2: The banking system  The Chinese banking system is large …

Sir Douglas Flint, Chairman of Standard Life Aberdeen, was formerly chairman of HSBC and says the opportunities for British companies in China’s finance sector are only now becoming clear, writes Andrew Peaple Talk to Sir Douglas Flint for any length of time about China and there’s one word you will hear often: ‘opportunity.’ The Standard Life Aberdeen chairman has spent much of his career working in and around China, both …

The third decade of the 21st century has had a bumpy start. With a global pandemic, the fraying US-China relationship, Brexit, market turmoil, a looming recession and various other uncertainties, the world is in a state of flux. However, the world’s second-largest asset management market is increasingly open to foreign players, explain Yang Yuhua and  Lv Hong of LLinks Law Offices. And that has to be a good thing. In …

Supply chains have been severely disrupted by the Covid-19 virus, turning already complex logistics and payment structures into something of a minefield. Adnaan Mukta explains how The Covid-19 crisis has severely disrupted the supply chains of many UK businesses that depend on imports from China. The Bank of England reports that production stoppages in China have hit output in sectors ranging from car manufacturing to aerospace. Now more than ever, therefore, …

  A rise in the Chinese student population benefits UK property market, writes Rosemary Playfair Investors from China are cashing in on the opportunities provided by a drop in the value of the British pound and increasing yields and rents in the UK buy-to-let market, particularly with student flats. The Chinese student population in the UK has grown by 34 percent in the last five years and China now sends …

Tom Pattinson speaks to Ma Weifeng, CBBC‘s financial sector lead in Beijing, who explains how China’s financial sector has taken a leap forward when it comes to opening-up   Following tenacious governmental initiatives, financial opening-up efforts are set to pick up pace in China. The China Securities Regulatory Commission, the most important securities regulator in the country, announced on March 13th that foreign companies will be able to fully own …

Repatriating profits from China can be complex but there are a number of options, writes Valur Blomsterberg of accountancy Integra Group China has long maintained strict foreign exchange controls over funds entering and leaving the country, which means that foreign investors face a series of compliance challenges before they can move funds out of the country. With the current pace of regulatory changes and with banks adopting various anti-money laundering …

The special economic zone on the southern tip of Guangzhou is experimenting with some bold, innovative reforms. From the farmlands of Hengli Island, a new financial powerhouse is rising, writes Anthony Lawrance of Greater Bay Insights It seems like every city wants to be a World Finance Centre these days. In fact, many Chinese cities have more than one tall building with such a name on its door. In the …

Valur Blomsterberg of accountancy Integra Group explains the various ways of repatriating profits from China in the most efficient and economical way China has long maintained strict foreign exchange controls over funds entering and leaving the country, which means that foreign investors face a series of compliance challenges before they can move funds out of the country. With the current pace of regulatory changes and with banks adopting various anti-money …

There are many ways to source from China but it is essential to do due diligence, have a solid contract in place and manage your finance effectively There are many ways of sourcing materials or products from China that can if tackled successfully, give UK businesses an edge. The different methods each offer a range of advantages and disadvantages. Online: Websites such as Alibaba offer a searchable service that allows …