Hong Kong - A Business Platform to China
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Welcome to ChinaInvest.biz Magazine - June 2012 Issue

ChinaInvest.biz is the editorial division of Klako Group and will be providing insight into investment, tax and operational issues for foreign companies entering and expanding throughout China.

In our June Issue we are highlighting the advantages of Hong Kong as an Asian business hub for investors looking to establish a presence in this region.

When Hong Kong was handed over to China and changed from a British colony into the ‘one country – two systems’ principle with the Mainland, many wondered how this would effect one of the most important business hubs in Asia. After its expected political ups and downs of settling into its new role, Hong Kong has proven again, for the 14th consecutive year, its status as one of the most important key locations for trade, finance and regional headquarters – and yet again named as the world’s freest economy by the US based ‘Heritage Foundation’. For this reason Hong Kong can be considered as a potential Asian hub for many businesses.

Should you require further information, please contact our Directors at our Group Headquarters and/or China Headquarters.

 

Labor Law is a relatively new phenomenon in China, with the first comprehensive law passed
in 1994. The new law, adopted by the National People’s Congress (NPC) on 29th June 2007,
looked to redress some of the poor working conditions found in China, particularly for the
average worker. Prior to the passage of this law, most Chinese employee’s in small-medium sized
firms lacked employment contracts. Morever, they were short-term, giving employers the flexibility to
frequently bring in a new, often cheaper hires whenever they saw fit.


Hong Kong - A Business Platform to China


“Asia, especially China, is emerging as the world's economic growth engine. Hong Kong is the perfect base from which to access this dynamic market. A uniquely global business city, at the heart of Asia with a Chinese perspective,” is the perfect description used by HKInvest to attract foreign investors into the region.

Hong Kong's status as one of the world's and Asia Pacific's leading destinations for foreign direct investment (FDI) has been reaffirmed by the World Investment Report 2009 released by the United Nations Conference on Trade and Development (UNCTAD) in September. Hong Kong continues to be Asia's second largest and the world's seventh largest FDI recipient, attracting US$63 billion inward investment in 2008. This amount represented a 15.9% increase year-on-year in spite of the global financial and economic crisis that has caused FDI inflows to some developed economies to half. Hong Kong also continues to have the highest FDI stock in the region amounting to nearly US$835.8 billion.

To read the full article, please click here (PDF file)

If you require assistance with the above subject, please contact us at Diese E-Mail-Adresse ist gegen Spambots geschützt! Du musst JavaScript aktivieren, damit Du sie sehen kannst.

All information in this report is verified to the best of our ability and is assumed to be correct at time of release; however, Klako Group does not accept responsibility for any losses arising from reliance on the information provided within.

 


Free Consultation with China and Hong Kong Legal & Tax Advisors

The directors of Klako Group will be travelling throughout 2012 to meet with partners and clients and to participate in trade and tax-related events. Should readers or clients of the firm wish to meet our directors face to face during their trips to discuss matters concerning China, Hong Kong and/or Singapore business investments, please contact us at Diese E-Mail-Adresse ist gegen Spambots geschützt! Du musst JavaScript aktivieren, damit Du sie sehen kannst.

Appointments will be made on a first come, first serve basis. The visits of our directors provides an excellent opportunity to all our readers to discuss first hand their own investment potential, opportunities and legal/tax updated for China, Hong Kong and Singapore in detail.

Please find here the tentative schedule for 2012:

June

Germany
18-22nd: Achema Trade Fair, Frankfurt

Webinars: "Holding Jurisdictions for Investments into China"
Wednesday 6th / Thursday, 7th
Wednesday 13th
Wednesday 20th

Shanghai
19th - Speaking Engagement in collaboration with Australian Chamber of Commerce
20th - Speaking Engagement in collaboration with European Chamber of Commerce

July

Webinars
Wednesday 4th
Wednesday 11th
Wednesday 18th

August

Webinars
Wednesday 1st
Wednesday 8th
Wednesday 15th