ChinaLux News

ChinaLux News (178)

This Asian Investor article (paywall after 48 hours of original publicaiton), echoes the intersting discussions that took place at their China Investment Forum reavealing opportunities for thrid party managers and consultants

The Hong Kong Board of Review issued a decision concerning whether fees earned by director of a company incorporated offshore but listed in Hong Kong were subject to the salaries tax in Hong Kong.

The tribunal examined factors such as what was the location of the company’s management and control, and based on this investigation, concluded that these were located in Hong Kong. Accordingly, the director’s fees were subject to tax in Hong Kong.

CHINALUX Founder Member KPMG, have put together a summary of this interesting case. 

Friday, 12 September 2014 08:55

China - Changes to customs regulations

For the benefit of companies interested to know more about the possible changes to the regulations, CHINALUX Founder Member KPMG have prepared  this Alert a summary of the key revisions and how this may have an overall impact in the way Customs and businesses interact.

Thursday, 11 September 2014 17:57

2014 China Pension Forum

CHINALUX Founder Member EY, is endorsing the 2014 edition of the China Pension Forum which will take place in Beijing on 24 and 25 September. More details below.


Friday, 05 September 2014 13:43

CHINALUX on Air TV - Bienvenue chez vous

Our Vice-President Ms Zhu Jun Xie, presented our Chamber yesterday at Luxembourg Air TV's "Bienvenue chez vous". You can replay the show at the link below (as of Min. 17:11)

Ahead of China's cross-border recognition schemes, distribution in the Mainland remains a challenge. In this article by specialised magazine Asian Investor (paywall upon 48 hours after initial publication), Christian Edelmann, head of Asia Pacific at consultancy Oliver Wyman, explores the potential of white labelling as an alternative. 

Paperjam offers today a comprehensive view of the status of China-Luxembourg relations from the point of view of the Financial Services sector (article in French). And such status could not be more optimistic: Bank of Communications is to establish in Luxembourg and participation of the Grand Duchy in a local investment structure are signs of a very healthy link between the two nations. There is a lot of work behind this success as proven by this article, and an example of which is Monday's meeting between Minister Gramegna and Deputy Minister Jin Liqun as reported here by Chronicle

CHINALUX Founder Member KPMG has recently issued two reports on the latest matters to look out from a tax perspective in China: Equity Transfer and China outbound cross-boder investment.

See links to attached PDF reports below.

Contrary to its counterparts, Luxembourg exchanges yuan flows mainly with countries outside Greater China, a trend that is likely to increase in the future. The announcement of a clearing bank in Luxembourg in July boosted this development.