Alibaba’s 128 Mio USD investment in Hong Kong
Alibaba announced that it will launch a 1 billion HK$ not-for-profit foundation in order to support Hong Kong startups. According to the company this is its first entrepreneur-support initiative for...
View ArticleReduced import duties on consumer goods in China
China reduced import duties on some consumer goods ranging from shoes to cosmetics. According to the Ministry of Finance the duties will be: cut by half on average on imports suits, fur garments and...
View ArticleTax Standards of Hong Kong under Review
The Financial Services and the Treasury Bureau in Hong Kong is discussing the latest standard published by the Organisation for Economic Cooperation and Development (OECD) on automatic exchange of...
View ArticleDouble Taxation Agreement – Germany & Hong Kong
Various countries already have a Double Taxation Agreement (DTA) in place with Hong Kong. A DTA is an agreement between two countries that reduces the tax bill for an individual who is a resident in...
View ArticleEasier access to Free Trade Zones
The government in China has further relaxed restrictions on foreign investment in the mainland’s four free trade zones (FTZ) in Shanghai, Guangdong, Tianjin and Fujian . Companies will now have easier...
View ArticleHong Kong’s changing Business District
According to a report by JLL more Chinese companies are relocating in the prime business district Central while multinational corporations are increasingly moving to outer suburbs of Hong Kong. Many...
View ArticleSMATRA Group expanding the network to Japan
SMATRA Group made the next step in early 2017 and started the preparation of expanding the business activities to Japan for opening a representative office in Sapporo which is in the prefecture of...
View ArticleStrong Growth for Hong Kong’s Economy
Hong Kong’s economy grew by 4.3% in the first quarter of 2017. This is the fastest pace in six years. Retail sales, in nominal terms, dropped by 1.3% year-on-year in January-March 2017. The adjusted...
View ArticlePartnership for Business Services in Guangdong
About two years ago SMATRA Group upgraded its sourcing activities by forming a partnership in Guangdong province, China. Now a further cooperation is being set up for growing the consulting as well as...
View ArticleChina’s economy keeps transforming
About 13 years ago our work in China started. After more than a decade the changes in the economy are more visible than ever before. The pace of economic change in China has been extremely fast since...
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