ChinaLux News

ChinaLux News (174)

Tuesday, 27 January 2015 14:02

The challenges of foreign law firms in China

On the wake of news about the merger between law firms Denton and Da Cheng, a short article from the Wall Street Journal explaining the hardships foreign law firms must go through in China, starting by an uneven playing field. 

This piece was pubished by the Financial Times (Paywall)

CHINALUX Corporate Member King & Wood Malleson's take on these important changes. 

CHINALUX Founder Member KPMG releases two alerts informing on the latest opportunities brought about by a proposal in Hong Kong regarding tax advantages to Private Equity Funds, as well as new guidance in China for corporate restructuring of non-monetary investments. 

Here are the links to both reports:

Hong Kong - Private equity fund, tax exemption proposal

China - Guidance on corporate restructuring, non-monetary investments

Gregory Weber, from CHINALUX Founder Member PWC, publishes an analysis on the success story behind RMB Funds, why Luxembourg is an excellent base for managing RMB assets and what could be the picture looiking forward.

CHINALUX Founder Member KPMG, shares with us this Tax Alert explaining the impact of the above procedure on tax payers and multi-national companies.

Link to KPMG tax alert

Denis Noonan, from CHINALUX Corporate Member Clearstream, gives us a brief summary of the latest developments on RMB internationalisation, from the Hong Kong Shanghai StockConnect, to Clearstream's own collaboration with ICBC to provide liquidity to the RMB market from Luxembourg. 

Thursday, 18 December 2014 14:32

Official 2015 Chinese Holiday Calendar Released

 

List here below (ON means days employees may be expected to work to make up for holidays). A printable Chinese calendar (no publich holidays) is available for download at the bottom of this article. 

 

 

New Year:

OFF: January 1-3 (Thu-Sat)

ON: January 4 (Sun)

Spring Festival:

OFF: February 18-24 (Wed-Tue)

ON: February 15 (Sun), February 28 (Sat)

Tomb-sweeping:

OFF: April 4-6 (Sat-Mon)

Labor day:

OFF: May 1-3 (Fri-Sun)

Dragon Boat Festival:

OFF: June 20-22 (Sat-Mon)

Mid-Autumn Festival:

OFF: September 27 (Sun)

National Day:

OFF: October 1-7 (Thu-Wed)

ON: Oct 10 (Sat)