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HR Event Held at Daydayup Beijing

Posted by PTL Group
PTL Group
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on Wednesday, 05 July 2017
in Business in China

May was a busy month for the staff at PTL. In the middle of the month, PTL’s China General Manager, Arie Schreier and Deputy General Manager Shahaf Nave traveled up to Beijing to conduct an HR seminar held by PTL at DayDayUp (DDU), a co-working space. Two of PTL’s clients are internet companies and they are hosted at DayDayUp with the HR and Admin support from PTL Beijing office. We realize that most newly founded companies found recruitment and HR management quite daunting and the rules are very different from the West. Therefore PTL held this seminar to share our knowledge and experience in HR with Daydayup members and the other newly started companies in Beijing.

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Supply Chain Management is Not Merely Managing Import and Export

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on Thursday, 09 March 2017
in Business in China

Interview with PTL Group Logistic Manager—Chris Pan

Chris Pan has over 12-year operating experience at PTL Group. Chris leads the team delivering profitable integrated supply chain management solutions to bridge overseas clients’ penetration into China and assisting to build solid company reputation across diverse industries, ranging from medical equipment, electronics, security, chemical to agriculture machinery, water treatment industries. 

Q: You use the term “Fourth Party Logistics Provider” very often, would you please elaborate the meaning of the term and how it differentiates from “Third Party Logistics Provider”?

A: The concept of a Fourth-Party Logistics (4PL) Provider is an integrator that manages the resources, capabilities, and technology of its own organization and other organizations to design, build, and run comprehensive supply chain solutions. Whereas a third party logistics (3PL) service provider targets at a function, 4PL targets at management of the entire process. A Fourth-party logistics provider can also be considered a consulting firm specialized in logistics, transportation, and supply chain management. In another word, the 4PL stands on a higher level and plays an important role in managing the client’s entire supply chain.

Take PTL Group as an example, as a 4PL provider we look after the whole process of our clients’ entire supply chain ranging from the sales forecast, cash flow planning at the HQ, importation/exportation, safety storage and distribution, etc. Our customized solution can help HQ make better plan and therefore implement HQ’s strategy with operational optimization.

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Brief Guide to the Latest Import Duty Regulations in China

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PTL Group
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on Wednesday, 08 March 2017
in Business in China

In 2016, there were several changes in import duty regulations. Goods that are imported into the Chinese territory may be subjected to three types of taxes and duties: value-added tax, consumption tax and customs duty.

Taxpayers of the three types of taxes and duties include all enterprises, units, household businesses and other individuals engaged in production or importation of taxable consumer goods within the territory of the People’s Republic of China.

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China’s Polluted Air is an Opportunity for Foreign Technology

Posted by PTL Group
PTL Group
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on Wednesday, 08 March 2017
in Business in China

The Chinese are finding it hard to breathe. According to the WHO, the proper air quality level for daily living is no more than 25 micrograms of pollution particles per meter cubed of air. During the first days of 2017 in Beijing, the concentration of pollution particles in the air passed 500 micrograms, over 20 times the limit!

Under these conditions, PTL Group, as a company that provides shared offices in China and offers services including business and operational support for foreign companies, strictly maintain air quality and their offices are equipped with all required air filtration equipment, as well as a measuring device which shows the air quality at all times.  The company, managed by Arie Schreier, was awarded first place in a competition held by gem in Shanghai, which tested the air quality in a large number of co-working spaces in the city. The competition tested the air quality using three parameters: 2.5PM (concentration of small particles that pass through the respiratory system), amount of carbon in the air and amount of VOCs.  

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China has restricted its overseas transaction regulations

Posted by PTL Group
PTL Group
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on Wednesday, 08 March 2017
in Business in China

Since the beginning of 2015 the value of the yuan against the dollar has weakened, devaluating more than 6% in 2016. Meanwhile, a large amount of capital left China, which led Bloomberg to 

estimate that China has suffered more than $1.7 trillion in capital outflow since 2015. A big percentage of this outflowing capital was used for overseas real estate investment by individuals and groups, some of which also involved money laundering. To slow down this outflow and combat money laundering the State Administration of Foreign Exchange (SAFE) is introducing restrictive measures that will be implemented from July 1 2017. After the implementation of the new measures, individuals are still allowed to transfer up to 50,000 USD yearly overseas, however the money transferred is not allowed to be used for real estate investment purposes, only for medical or travel services. If individuals want to transfer a higher amount they have to disclose their reasons and wait for regulators to evaluate their case. In addition to this, financial institutions will have to document all transactions, and since January 1 2017, the Bank of Shanghai and China Merchants Bank are required to have their customers complete a form if they want to exchange RMB to foreign currencies through mobile bank apps.

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