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  • September 2, 2014
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  1. Two more cities join Beijing in tax on foreigners

    Posted Jan 09th 2012, 12:00am

    ... the long-delayed social security tax on non-Chinese employees, according to a person close to the situation. The law was supposed to take effect nationwide on October 15, but Beijing was the only city ... to implement it. But even in Beijing the implementation has been chaotic, the person said. In Chaoyang district, for instance, the local government issued a memorandum at the end of 2011 informing ...

  2. Beijing may bring steel tax breaks back to life

    Posted Aug 01st 2012, 12:00am

    ... or exempt the tax on steel used in export products to encourage users to replace steel imports with domestic products, the Shanghai Securities News reported yesterday, citing a person close ...

  3. Property - Hong Kong & China

    Getting a flat in new affordable housing project in Beijing like winning a lottery

    Posted Feb 25th 2014, 11:07am by CELINE SUN; LANGI CHIANG

    ... is not the commute- it's the slim odds on winning the right to buy. "I know the hope is very small. I still want to try my luck," said Zheng Lin, a married man working in a finance company ...

  4. Tax on foreign workers in force only in Beijing

    Posted Oct 24th 2011, 12:00am

    ... such as Guangdong and Shanghai, are expected to roll out their versions of the law within a month, a person close to the situation said. Under the tax, foreign nationals working on the mainland will pay up ... Beijing's version of the law, which was made public on October 14, does not specify the deadline for registration and tax payment, the person said. 'It isn't very clear when ...

  5. HK workers in dark on mainland pension levy

    Posted Oct 01st 2005, 12:00am by Josephine Ma, Staff Reporter

    ... Josephine Ma in Beijing and Staff Reporters Flexible approach tipped as social security levies become mandatory A controversial requirement for Hong Kong employees on the mainland and their employers to contribute to the social security fund takes effect ...

  6. Finance ministry plans 20b yuan bond sale in HK

    Posted Aug 04th 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com The Ministry of Finance will sell 20 billion yuan- (HK$24.2 billion) denominated government bonds in Hong Kong this month, the third issuance since ... yuan on deposit at the end of June, up 77 per cent from six months ago. Professor Zhao Xijun, head of Renmin University's International Finance Research Centre, said one benefit of issuing ...

  7. Split personality

    Posted Dec 30th 2010, 12:00am by David Eimer

    ... David Eimer For a government that places such importance on unity and harmony, the Chinese Communist Party has a peculiarly split personality. On the one hand, it has a desire to be loved ... personalities in action. Just two weeks ago, the mainland press were trumpeting the fact that 40 million foreigners around the world are studying Chinese and how that was further proof ...

  8. Migrant centre born of personal struggle

    Posted May 02nd 2010, 12:00am by Staff Reporter

    ... Ma Xiaoduo spoke to Mandy Zuo Once a migrant worker herself, Ma Xiaoduo runs a social services agency in Beijing's Yongwangfu village for its 30,000 migrant residents. She provides schooling to infants and free health care lectures to mothers. Founde ...

  9. Drought amid plenty for rural financing

    Posted Oct 29th 2007, 12:00am by Elaine Chan

    ... by non-government organisations across the country, money is hard to come by. The Chinese Academy of Social Sciences, which runs four micro-finance projects, says a prohibition on taking deposits ... deeper. Rural financing is an old and complicated issue that dates back to the early political development of the country - the result of an ill-structured system that operated on the basis ...

  10. Banking on the big league for finance

    Posted Mar 03rd 2008, 12:00am by Staff Reporter

    ... Beijing aims to build world-class conglomerates, but caution is the watchword, writes Daniel Ren Beijing has taken its first baby steps towards creating financial conglomerates along the lines of Citigroup or Allianz by allowing some of the nation's ...




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