Finance

Lord Grimstone of Boscobel Kt is the Minister for investment jointly at the Department for International Trade, and at the department for Business, energy and industrial strategy. He spoke to CBBC members about his role, his ambitions to support British business in China and the future of trade in a post virus world.  In his role as double minister, Lord Grimstone’s role is, he says, simply to attract investment into …

  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 …

To support companies’ cashflow, national and regional government departments are offering a range of discounts and tax breaks, explains Fabio Stella of Hawksford Whilst we endeavour to provide accurate and up to date information, companies should liaise with local partners, government departments or CBBC regional offices to get the current take. Rules and policies vary from region to region and change frequently. A more detailed city by city update can …

In a period of transition between tax laws, Chinese taxpayers can decide which tax policy to use for their annual bonus, writes Valur Blomsterberg of accounting firm Integra Group It’s been a year since changes to Individual Income Tax (IIT) came into effect in January 2019, and tax brackets and a host of other changes to the country’s individual taxation system were introduced. Amongst the new provisions was the comprehensive …

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 …

By Tom Pattinson The economist Lord O’Neill spoke at a breakfast briefing for CBBC Premium members last month. Known for coining the term BRIC – representing the collection of emerging economies of Brazil, Russia, India and China – Lord O’Neill is also a former chairman of Goldman Sachs Asset Management and was a former Conservative minister as the Commercial Secretary to the Treasury under David Cameron. He is Vice Chair …

Mabel Liu is a corporate lawyer focusing on cross-border and international mergers and acquisitions. She has 40 years of experience advising clients on Sino-foreign joint ventures having worked on China’s first modern JV in 1979. Tom pattinson quizzes her on the Greater Bay Area TP: Can you introduce yourself, where you were born, grew up and educated? ML: I am a mother of three sons, born and raised in Hong …

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 …