This week marks Fiducia’s 35th anniversary. Our Managing Director, Stefan Kracht, takes the opportunity to reflect on our company history. China’s power to transform itself has filled our company with energy and purpose from day one. When we founded Fiducia in Hong Kong in 1982, Deng Xiaoping had just put an end to China’s […]
On 1 April 2017, China’s tax authority issued Bulletin 6 – an update to current transfer pricing (TP) rules that introduces more stringent documentation and transaction requirements. The new guidance, effective on 1 May 2017, will affect all multinational companies (MNCs) that carry out cross-border transactions to and from their China entities. Bulletin 6 […]
Newly appointed Hong Kong Financial Secretary Paul Chan Mo-po held his first budget address today, marking the last budget to be unveiled under the Leung Chun-ying administration, as a new Chief Executive will be elected in March. Here are the some of the highlights. For more details, please contact our tax experts at contact@fiducia-china.com. […]
Against the odds, China’s toy-making industry keeps going strong. While China’s overall exports fell in 2016 from a year earlier, total toy exports grew by over 18 percent – only one sign of how the sector has weathered China’s “new normal” of slower growth and rising cost pressures. Growing domestic demand for higher-end toys is […]
China has been the world’s second largest market for traditional toys and games since 2012. Despite the country’s recent economic slowdown, international toy companies, including Fiducia’s clients in the sector, remain confident about growth prospects in China. Retail sales of traditional toys and games in China are expected to grow by 38 percent to $14.3bn […]
Since late November, China has been stepping up restrictions on capital outflows in an effort to prop up a weakening renminbi and protect the country’s shrinking foreign exchange reserves. Among our clients – foreign companies operating in China – the main source of concern has been the ambiguity surrounding these moves. All about china capital […]