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Termination Terms under the Chinese Labor Contract Law

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on Wednesday, 23 November 2016
in Business in China

There are several forms needed to end a labor contract in China and each one of them has its own set of terms and rules; how the employer can end the contact, how the employee may quit, and how the severance payment should be calculated. These are some of the issues we have included in this brief guide to help you assess the termination terms in Chinese employment contracts.

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WFOE SET-UP IN CHINA

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on Wednesday, 23 November 2016
in Business in China

CHANGES IN REGULATION

Doing business in China is becoming easier and more appealing for foreign companies now that the WFOE set-up process has been simplified.

In early September a new set of rules were released to ease the burden on the business environment within China by reducing bureaucracy and increasing transparency. The rules specifically support Foreign Invested Enterprises (FIEs) and took effect from October 1st 2016. Among the amendments in the law, it was decreed that Ministry of Commerce (MOFCOM) approval will no longer be required; instead only online filing will be needed. However it is important to note that this will only apply to those businesses not listed on the negative list.

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Cybersecurity Law in China

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on Wednesday, 23 November 2016
in Business in China

In July 2015 the National People’s Congress (NPC) proposed the first draft of a so called Cybersecurity Law. This year, on November 7th the law was submitted and takes effect in June 2017. Many global companies, especially those operating in the technology sector, are concerned about the passing of this law because they believe it will limit their operational powers within China. One reason, certain business operators say, is that with this law coming into force, the Chinese government would have greater powers to monitor and block any online content they perceive to be a threat. In addition to this, those concerned about the law are worried about the government, as well as various other parties, gaining more insight into foreign business’s data. The reason is that the new law requires companies to give the government investigators full access to their data if wrong-doing is suspected.

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Which class do you belong to?

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on Wednesday, 23 November 2016
in Business in China

China is testing a new work permit system that ranks foreigners

On November 1st of 2016, the Chinese government introduced a new work permit system that categorizes foreigners into “classes”. Under this system the “Alien Employment Permit” and “Foreign Expert Certificate” are combined to create a “Foreigner`s Work Permit” (FWP), which looks a lot like the Chinese ID card. The work permit will display an identification number, a photo and the name of the individual effectively replacing the passport for tasks such as purchasing train tickets. The FWP is currently being tested in nine cities or provinces, including Beijing, Tianjin and Shanghai with the plan being to roll out the new work permit policy nationwide by April 2017.

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Hiring foreigners in Shanghai has become easier

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on Thursday, 29 September 2016
in Business in China

From November 1, foreigners will only have to apply for a unified work permit as the two types of work permits for ordinary foreign employees and foreign experts will be streamlined into one.  The pilot scheme of unified work permit for expatriates is launched in nine provinces and cities, including Shanghai. The trial ends next April.

The application process will also be simplified, which means some materials will no longer be needed, such as a personal resume.

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How can you benefit from the VAT reform in China?

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on Friday, 23 September 2016
in Business in China

China has been paving their way to a fiscal reform that will help them achieve the economic and social goals set in previous years. China’s first step towards their fiscal transformation was the VAT reform that was implemented in Shanghai in 2012. This initiative was expanded to pilot sectors across the country on August 1st 2012 due to its remarkable success and its bolster the slowing economic growth. On May 1st 2016 the reform was officially implemented throughout all China. The reform program seeks to replace business tax with a value-added tax to avoid duplicated taxation and to lower the tax burden.

The trial program launched in 2012 was originally applied to service sectors, telecommunications, and postal services among others. Now, taxes in construction, property and finance are also bound to the tax initiative. The manufacturing industry, which already operated under a VAT structure, will benefit from this reform as they will obtain tax breaks on research and development to incentivize innovation.

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Do You Need an Operational Audit for Your Chinese Office?

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on Friday, 23 September 2016
in Business in China

When would you need to conduct an operation audit?

When we meet managers from international companies’ headquarters they often tell us their concerns about their Chinese activities: after a few years they have the feeling that the situation is not under their control anymore, or at least they feel they don’t know the details of what’s happening in their Chinese office.

Other times, we meet companies that, after spending some time in China, have the need to grow or downsize their local activities.

Whichever might be the case, this is the right time to assess your business so you can gain back full control of your Chinese branch, or understand how to better proceed with changes you’d like to make in your business. This is the right time to conduct an operational audit.

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Finance Management is Critical in Operating Your Business in China

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on Monday, 29 August 2016
in Business in China

Interview with PTL Group CFO--Shirley Xia

Shirley Xia has over 10 years of experience as a financial controller and manager. She has successively worked in large state-owned manufacturing, trading, software and international freight companies, with extensive experience in financial management and tax planning. Joined PTL Group in June 2010, Shirley has overseen many projects in business auditing, WFOE set-up and operation and tax planning, etc.  

Q: Among the Auditing and Business Recovery projects you have carried out, which project did you manage to deliver satisfactory results for despite its challenging nature?  

A: My first project at PTL was to manage a turn-around project for an Italian manufacturing company. The company suffered from very tight cash flow and had many management issues. The company’s headquarter was hesitating whether to continue operating in China after having done so for several years yet without healthy revenue.  They asked the PTL team to audit and screen the company’s entire financial and HR situation, as well as the logistics and manufacturing work flows.

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KOL: Key Opinion Leaders

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on Wednesday, 01 June 2016
in Business in China

A new way of communicating with your costumers in China has emerged. Is your company already using this outstanding marketing tool?

Since 2013 KOL’s have been positioning themselves as a reliable and trustworthy way to reach your target audience, however, we must say that KOL’s have reached their maximum success this year turning into a million dollar industry in 2016. With agencies, schools and sponsors surrounding the KOL’s it has become each time harder and more expensive to identify and  get a hold of  a brand advocate, so in an attempt to understand a little bit more this industry, we have come up with a series of questions, that can unveil the myth that surrounds this marketing trend.

 

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Does your sales man in China have an Official Company Wechat account?

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on Wednesday, 01 June 2016
in Business in China

If the first question that comes to your mind when you read the above sentence is: ”What on earth is Wechat?”  or “What is Official Wechat account?” you are in trouble with your knowledge about China.

If your question is “Why would my sales man need an Official WeChat account?” you are in a better position but not up to date with marketing strategy in China.

As may you already know, many of the marketing tools as well as social media are different in China. Google, YouTube, Facebook and Tweeter do not work in China so you need to adopt the Chinese tools.

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PTL Group bringing the Chinese social media tips to Tel Aviv Google Campus

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on Thursday, 28 January 2016
in Business in China

Many Israeli companies for some time now have worked within the BAT kingdom, and realized it has big challenges when it comes to branding. In China the censorship of information has built an ecosystem that today we call the Chinese Digital Media ground, and to that mix we include Baidu as the most used search engine tool. How we perceive messages and execute projects is different than in the west, and the only way on how to master the use of these channels to reach the Chinese audience starts with opening your company accounts and crafting messages in Mandarin simplified characters.

It is a fascinating world that reaches a large audience, and when done properly, can expose your Brand to thousands of prospects. So let us start with a few tips on how to accomplish this while sitting from your headquarters in Israel with a team on the ground. These tips were shared in our past Digital Marketing seminars in Tel Aviv.

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Chinese New Year

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on Thursday, 28 January 2016
in Business in China

We welcome another year in our lives while leaving the Sheep year behind. For those who are unaware, in 2016 we will be celebrating the year of the Monkey. Those born under this particular sign are characterized by their intelligence as well as their versatility. To top that off, they are extremely honest and their gentleness allows them to construct long-lasting business and personal relationships. On the not-so-positive side, monkeys might come off as impulsive with a slight tendency to look down upon others. So if you were born either in 1956, 1968, 1980, 1992, 2004 you might relate to the above description.

 However, what will 2016 bring upon us?

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WeChat turned 5 years old in January, we toast to many years to come!

Posted by PTL Group
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on Thursday, 28 January 2016
in Business in China

WeChat turned 5 years old in January, and in its “short” existence it has reached over 650 million monthly active users. It is estimated that there are 2 billion shares sent per day, and 1.8 billion published on Wechat Moments. There are over 10 million WeChat official accounts and over 150,000 offline stores integrated with WeChat payment’s eWallet. Its rapid evolution and its user friendliness have permeated our daily existence within China’s ecosystem. Our conclusion: WeChat is the tool to consider for developing business in China. Here we list the official account benefits and hope you see the benefits too:

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Is Your WFOE in China Optimized? Find Out Where You’re Exposed

Posted by PTL Group
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on Thursday, 28 January 2016
in Business in China

So you’ve set up a Wholly Foreign-Owned Entity in China and things are humming along fine. Sales are growing, your employees seem happy and eager to come to work, and the relations between your entity and Chinese tax authorities is in its honeymoon phase – you're dotting all the “i”s and crossing your “t”s.  Or so you think.

The more time a company spends operating and conducting business in China, naturally the more comfortable and lax its managers become. What starts with great attention to detail and appreciation for the bureaucracy that is China, often the excitement of acquiring new clients and earning more revenue causes overseas managers to lose control of the WFOE’s optimization.

 

Take Active Steps Now to Reduce Future Risk and Exposure:

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China Supreme Court Determines Pure Non-competition Agreements Do Not Constitute a Security Measure for Trade Secret Protection

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on Monday, 26 October 2015
in Business in China

 

Under the PRC Anti-Unfair Competition Law (Article 10), one of prerequisites for the protection of certain technical or business information as a trade secret is whether the owner has taken security measures to maintain its secrecy. In practice, many enterprises may use non-compete agreements signed with employees as a security measure to protect their trade secrets. Such agreements, however, are usually pure competition restriction agreements, which only provide that the employee may not work for competitors or run competing businesses for himself within a certain period after termination or expiration of the employment. In a trade secret infringement case (Shanghai Industrial Co., Ltd. v. Huang Ziyu and Shanghai Safeiya Textile Co., Ltd.) retried by the Supreme People’s Court(“the Supreme Court”), the Supreme Court determines that "pure non-competition agreements” does not constitute a security measure on the grounds that such agreement does not explicitly embody the employer’s intent to keep secret and the scope of the information to be protected as trade secret.

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Hangzhou as the Chinese Silicon Valley

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on Monday, 26 October 2015
in Business in China

Home to Jack Ma, Alibaba’s founder and e-commerce savvy, Hangzhou is now being positioned as the next Silicon Valley in China. With the help of the government and private investors, new technological clusters are being built along the municipality.

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The Challenge Of Outsourcing

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on Monday, 26 October 2015
in Business in China

 

Globalization completely changed the way we do business, it broadened markets, generated economies of scope and erased boarders between nations allowing the free flow of goods and services. Outsourcing was one of the major strategies that boomed during this period, multinational enterprises (MNE’s) outsourced its operations to countries with cheaper labor and natural resources. However, outsourcing has recently leaped from manufacturing into service industries, such as call centers and order service fulfillment operations, raising the question, when is it convenient to outsource?

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WFOEs Now Permitted To Provide E-Commerce Services

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on Monday, 26 October 2015
in Business in China

It is a well-known truth that e-commerce is the strongest trend revolutionizing how business gets done all over the world, especially when talking about China. As of December 2014 China had a population of 1.4 billion people out of which 190 million of them were part of the online shopping community. By 2020, China’s total online retail is expected to reach 10 trillion (RMB), accounting for 16% of total sales, and China’s e-commerce (including online B2B transactions) will reach 30 trillion (RMB).

Bigger and better smartphones with improved functionalities, along with app development, QR codes and mobile payment features have all contributed to shorten shopping procedures and improved mobile shopping convenience. Up until last year, e-commerce was a no-go to foreign enterprises but a new policy is changing the rules of the game.

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Chinese Investors –Israeli Technologies: Conference Highlights

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on Monday, 15 June 2015
in Business in China

A high-tech conference entitled “Chinese Investors –Israeli Technologies” was held last week by the research firm IVC at the Tel-Aviv stock market in Israel.

The conference was opened by IVC’s Michael Adam who unveiled some interesting figures. According to IVC, Israeli firms are expected to raise $1.2-1.5 billion USD by the end of the current year, half of which is expected to come from Chinese investors -and this is the conservative estimate. For 2015,IVC estimates about half of the fundswill come from Chinese investors.

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Is Israel China’s New Best Friend?

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on Thursday, 14 May 2015
in Business in China

With increasing investments in Israeli tech startups and universities, and a wide-spread adoration for Israeli entrepreneurial spirit, China-Israel relations are stronger than ever and set to grow even closer. Two Israeli businessmen, including Zvi Shalgo, Managing Partner of Synergy Funds, provide their insights on Israeli activity and opportunities in the Chinese market.

Full Story:
http://nocamels.com/2015/05/china-israel-tech-relations/

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