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Are You Up to Date with China’s Latest Regulations & Laws?

Carrying an impressive GDP exceeding 17 trillion USD in 2023, a vast consumer market, and digital innovation, China continues to increase global influence. The mainland’s strategy to internationalise the renminbi (RMB) aims to create a stable global monetary environment for its economic growth. By March 2023, the yuan became the primary currency for cross-border transactions in China, surpassing the US dollar for the first time and reflecting the location’s successful efforts. Official data shows increasing adoption of the yuan in trade by countries like Russia, Saudi Arabia, Argentina, Thailand, and Brazil.

In conjunction with these economic developments, China has recently implemented Visa-Free Policies in over 6 locations, some including:

• Malaysia
• Italy
• France
• Singapore
• Austria

These policies facilitate short-term stays for business and tourism, providing a significant opportunity for foreign investment and industry growth, given China’s pivotal role in the global economy.

To keep up with this expanding workforce, China has introduced some important labour laws as of late for employers and employees alike, such as:

• New minimum wages in the Jiangsu, Zhejiang, Hubei and Jiangxi Province,
• Increase in the maximum contribution base of the housing provident fund,
• Work injury adjustments,
• Guidance on the available deductions to reduce taxable income and the applicable tax rate bands.

As China rebounds, it’s an ideal time to launch or expand a business in the mainland. Interested in learning more about running a compliant business in China? Join our COMPLIMENTARY 2024 China Labour Law & Compliance Workshop on 26 April 2024, at 11:00 AM HKT/CST!

Sign up for our FREE webinar on labour laws and payroll compliance!

The workshop will be conducted by Angie Xu and Wing Wang, who possess extensive expertise in China payroll and compliance.

Angie is a Director for HR Outsourcing at Links International based in Shanghai. With over 10 years of experience in global HR services, she is tasked with delivering our Payroll Outsourcing, PEO/EOR/Secondment, Work Visas, and Social Insurance services across 70+ cities in China. 

Wing is our Payroll Manager at Links International who is also based in Shanghai. She has over 10 years of experience as an expert on China individual income tax, labour law, and social security administration, as well as a strong familiarity with legal entity setup procedure.

Event Rundown:

• China Labour Law & Compliance
• China Payroll Basics
• Q&A Session

Speakers:

Event Details:

Date:	Friday, 26th April 2024
Time:	11AM CST/HKT
Venue:	Online (Zoom) Webinar
Language:	English

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