Market

All news and posts of our editorial team on the topic

PU letter exemption for z-work visa applicants
It is part of the border controls in the pandemic: Anyone who wanted to go to China on a work visa needed a letter of invitation from the government, a so-called PU letter. After loud criticism of this travel obstacle, authorities are now making it much easier to handle. continue reading →
Market for medical technology becomes more local
While China is gradually reducing market access barriers in many sectors, it simultaneously increases import restrictions in areas of high strategic importance. Med-Tech is a prominent example: To reduce the high dependency on imports, China’s government emphasizes “import substitution” in the high-end med-tech market through directives such as “buy China” and “indigenous innovation” policies. Aligned with China’s overarching industrial strategy, digitalization is an essential part of innovation policy in med-tech, illustrated by the rapid development of online hospitals and remote diagnosis in China. continue reading →
A close reading of China’s new cybersecurity review measures
Dezan Shira's experts have taken a closer look at China's new rules for controlling the cybersphere. The law comes into force as early as February 15, 2022. One detail that has received a lot of attention concerns whether IPOs in Hong Kong will be more strictly regulated in the future. continue reading →
Authorities push cyber laws
In recent years, China’s regulatory framework for cyber and data governance has developed rapidly. The Personal Information Protection (PIP) Law took effect on January 1, 2022. More regulations and standards will follow. The intensity of the enforcement is catching up with the rules, inspections are increasing. Companies need to act now to ensure compliance and mitigate risks, but also to leverage new opportunities for data usage and monetization. continue reading →
Negative List for market access identifying likely no-go business areas
"Negative list" sounds particularly restrictive at first, but the instrument is a step forward compared to the positive list: China allows investment in all areas that are not explicitly restricted by the list. In the current fourth version of the list, the number of regulated areas decreases further. continue reading →
Quarantine policy harms Hong Kong’s financial center
Hong Kong has become the world's most closed-off financial metropolis as a result of the Covid pandemic. But despite a growing impatience from banks and businesses, borders remain tight. Banks are now ranting in an open letter about the collapsing business as a result of extreme quarantine rules. continue reading →
China’s New Deed Tax Law: What Does it Mean for Businesses?
China’s new Deed Tax Law is about to come into force on September 1, 2021. Foreign companies are subject to deed tax if they acquire real estate and/or land use rights in China, and this often occurs when the company reorganizes. Fortunately, China has extended deed tax exemptions to support certain types of corporate restructuring […] continue reading →
Tencent to cede exclusive rights to music labels
Tencent Music is to cede its exclusive rights to music labels. According to a report by the Reuters news agency, China’s anti-monopoly authority is preparing corresponding steps. Actions mainly involve rights in where Tencent’s music streaming service competes with smaller rivals, Reuters reports. In addition, market regulator SAMR imposed a fine of 500,000 yuan (65,000 […] continue reading →