HKTDC RESEARCH

Supply Chain Disruption: What’s Next for the Bottlenecks?

Interview with Henry Ko, Managing Director, Flexport Asia

06 July 2022

The ongoing Covid-19 pandemic, coupled with intensifying geopolitical tensions, has subjected the global supply chain to challenges that are very difficult to overcome. In this article, one industry expert assesses how digitalisation, ESG and sustainable development can help break supply chain bottlenecks.More

Topics: Technology, Hong Kong, supply chain management, Supply Chain Disruption

Guangdong Expands Use of E-Invoices

06 July 2022

The Guangdong Provincial Tax Service is further expanding its use of e-invoices. Eligibility to receive e-invoices will be extended to the whole country in stages. Under the present pilot scheme, taxpayers in the province can receive e-invoices from Inner Mongolia and Shanghai through e-invoice service platforms. The scheme does not include Shenzhen.More

Topics: Mainland China, E-INVOICE

China Promotes Provisional Rent Concessions for Market Entities

06 July 2022

The Ministry of Housing and Urban-Rural Development and seven other ministries called on local authorities to step up the implementation of rent concession policies. Micro and small firms and self-employed businesses renting state-owned premises in county-level administrative areas listed as medium or high risk for Covid-19 will enjoy a six-month rent concession this year, while those in other areas will be eligible for a three-month rent concession.More

Topics: Mainland China, RENT CONCESSION, MARKET ENTITY

Shanghai Unveils Support Measures for Pudong to Stabilise and Expand Employment

06 July 2022

Shanghai recently released implementation measures to support enterprises in the Pudong New Area in stabilising and expanding employment. One-off subsidies are offered to enterprises for keeping payrolls and employment stable and for social insurance premium payments, job referrals and internships. These measures will remain in force until 31 December 2022. More

Topics: Mainland China, Pudong, employment

China Promotes Use of Quality Infrastructure to Alleviate Difficulties Faced by Small Firms

06 July 2022

The State Administration for Market Regulation is to promote the use of quality infrastructure to help alleviate the difficulties facing micro, small and medium-sized enterprises and self-employed businesses.More

Topics: Mainland China, QUALITY INFRASTRUCTURE

Zhongshan Rolls Out 138 Economic Stabilisation Measures

06 July 2022

Zhongshan recently rolled out 138 measures to stabilise the city’s economic performance. Fiscal, monetary and financial measures are to be taken to maintain steady growth in investment, stimulate consumption, and ensure food, energy and basic livelihood security, as well as industrial and supply chain stability.More

Topics: Finance & Investment, Banking Services, Mainland China, ECONOMIC STABILISATION MEASURES

Shenzhen Introduces Carbon Emissions Trading Rules

06 July 2022

Administrative measures recently issued by Shenzhen to improve regulation of the city’s carbon emissions trading market came into force on 1 July. More

Topics: Environmental Protection, Mainland China, CARBON EMISSIONS TRADING

Japanese Business Perspectives: Harnessing the Power of Hong Kong as a Commercial Hub

Mitsubishi Corporation (Hong Kong) Confident in the City’s Business Hub Status and Opportunities

06 July 2022

In an interview with HKTDC Research, Takeshi Iida, President and Managing Director of Mitsubishi Corporation (Hong Kong), and President of the Hong Kong Japanese Chamber of Commerce & Industry (HKJCCI), explained Hong Kong’s pivotal role in the company’s regional expansion, and expressed confidence in the opportunities that the international trade and business hub offers for Japanese businesses.More

Topics: Technology, Real Estate Services, JAPANESE BUSINESSES, TRADE HUB

MOROCCO: Import Tariffs on All Online Imported Purchases Introduced

06 July 2022

Morocco has imposed import duties on all overseas purchases made using digital platforms. The country’s Administration of Customs and Indirect Taxes (ADII) released a decree on 17 June 2022 stating that from 1 July 2022 goods bought from international e‑commerce platforms will no longer be included in the import duty exemptions list, regardless of value.More

Topics: Africa, Morocco, tariff, online shopping

Forced Labour and Other Customs Rules Expected Soon from CBP

05 July 2022

Implementation of forced labour enforcement and duty-free imports are among the regulations U.S. Customs and Border Protection anticipates publishing in the next few months.More

Topics: North America, USA, customs & tariffs & duties, FORCED LABOUR

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