Financial Services

Latest financial services news.

12 October, 2018

The recent amendment to China's Individual Income Tax (IIT) Law was enacted this October and will go into effect on January 1, 2019. The revised tax deductions will impact over 500,000 expats in China and employers.

22 June, 2018

The Securities Law of the PRC (SL) has gone through four revisions since its launch in 1999. The first and only comprehensive review and revision (xiuding) went into effect in 2006. The second xiuding still has no clear timeline for its completion.

21 June, 2018

The Financial Services Forum hosted Nicholas Calcina Howson of Michigan Law School for “Rewriting China’s Securities Law and Possibilities for ‘Rule of Law’ Capital Markets in the PRC,” to dissect proposed amendments to the 2006 PRC Securities Law.

13 July, 2017

President Alan Beebe and members of AmCham China delivered the White Paper to Chinese government officials with a special focus on issues facing the financial sector

01 August, 2016

In 2015, members in the Financial Services & Investing industry had a profitable year: 66 percent of respondents made a profit, and 72 percent reported an increase in revenue in 2015 compared to 2014.

30 June, 2016

To avoid extra tax burden, businesses must proactively adjust to the new, purely VAT system that went into effect May 1.

16 June, 2016

Chief Economist of PBoC and others at June event say pollution has spurred interest in green finance, but that China needs more regulations to ensure projects produce meaningful change

22 March, 2016

Citibank's Asia-Pacific GA Head says regulatory coherence needs to catch up to regional coordination. Cross-border business remains a challenge.

19 January, 2016

What the world is seeing from China so far is a number of important reforms leading up to the IMF's decision and taking place in the wake of it, the results of which are uncertain for American business in China and beyond.

25 August, 2015

The latest in the “China Reform Series” dug deeper into key areas of financial sector reform, including interest rate and exchange rate liberalization, capital account opening, and capital market deepening.