Finance

In recent years, China has been implementing significant nationwide tax reform, making changes that even the most responsible businesses may struggle to keep up with. As reported recently, stronger enforcement of existing compliance requirements and restructuring government bodies the government aims to reduce fraud and improve statutory oversight. It seems to be working. Already the Chinese government has reduced value-added tax across a range of industries thanks to the additional …

With the release of the  2018 Tou Ying Tracker, Grant Thornton gives an overview of Chinese investment in the UK over the last year, highlighting key sectors and providing a snapshot of trade relations.   Chinese business is flourishing In spite of the uncertainty surrounding Brexit and other international tensions, Chinese investment in the UK, particularly in certain key sectors, is on the increase. In 2018, the largest 750 companies …

A raft of tax reforms has made it easier for China’s micro- and small-sized companies, writes Lily Li In January, China’s State Council, chaired by Premier Li Keqiang, announced support for the country’s main job creators, micro- and small-sized enterprises (MSEs), in the form of tax cuts to both Value Added Tax (VAT) and Corporate Income Tax (CIT). MSEs are defined as businesses with less than RMB three million in …

As the Leeds City Region rapidly becomes Yorkshire’s media hub, a range of other businesses are also seeing the benefits of Chinese investment, writes Tom Pattinson The Leeds City Region, which includes, amongst others, the surrounding areas of Harrogate, Bradford, Barnsley, Huddersfield, Wakefield and York has also been very active in attracting Chinese investment. The area has a strong manufacturing history and has become a major northern media hub with …

With Manchester one of the more prosperous cities in the north of England, there is much to be gained as it links with Chinese markets, writes Tom Pattinson To date, there is an enduring sense that there is significant disparity in government expenditure between the north and south of England. Whilst some argue that there are similar levels of public spending between the two, a recent report from the Centre …

The launch of the UK’s first TusPark Innovation Centre in Newcastle acts to provide a strong foundation for UK companies wishing to enter the Chinese market, writes Tom Pattinson On the other side of the country, TusPark Innovation Centre launched its first UK campus in Newcastle. TusPark – or Tsinghua University Science Park – originated as an innovation centre and high-tech incubator next to the famous Beijing-based university. There are …

In both Liverpool and Lancashire, there is a strong sense of Chinese cultural heritage which canny operators are using to develop their business, writes Tom Pattinson  Liverpool’s deep relationship with China goes back to the 1830s when ships bringing silks and cotton and tea from China docked in Liverpool’s famous port. Alfred Holt who founded the Blue Funnel Shipping Line, hired a large number of Chinese seamen in the 1860s …

Wayne Shiong, Partner at China Growth Capital, explains why he is boldly investing where few have gone before… in the commercial space industry The space industry carries humankind’s dreams of going into space and the mission to explore the resources it contains. On 3 Jan 2019, China made space history by becoming the first country to successfully land a robotic spacecraft, named Chang’e-4, on the far side of the Moon. …

Kaitlin Zhang explains how UK technology firms can reach out to Chinese investors In the first half of 2018, Chinese outbound foreign direct investment (OFDI) has dramatically veered towards Europe over North America. The value of completed Chinese investments was six times higher in Europe (£9.3 billion total with £1.25 billion in the UK) than in North America (£1.55 billion), according to    Baker McKenzie and Rhodium Group. This trend …

Lord James Sassoon is the Chairman of the China Britain Business Council and executive director of Jardine Matheson & Co. He explains that the UK-China relationship will only strengthen At CBBC, throughout our 65 years supporting UK-China trade and investment, we have described our work as ‘helping UK companies enter the China market’. Of course, this is still at the core of what we do. But the reality of the …