Local News
China Goes Global with David Shambaugh
The European Union Chamber of Commerce invited David Shambaugh, a leading expert in China studies, to present his new book China Goes Global – The Partial Power, to the Chamber audiences in Beijing on 2nd July, 2013.
Read moreInsight China: China’s demographic time bomb
European Union Chamber of Commerce invited Professor Du Yang (centre) from Institute of Population and Labor Economics, Chinese Academy of Social Sciences and Qian Liu (right), an expert on economic analysis and econometric forecasting, to speak on the topic of China’s demographic time bomb in Beijing on 27th June, 2013.
Read moreBadminton Tournament 2013
The European Chamber held its 4th Annual Badminton Tournament at Nanjing International School (our venue sponsor)on the 22-23rd June.
Read moreFrench Film Festival in Nanjing
Chairman of European Chamber Nanjing Board Mr. Carlo D'Andrea and General Manager of European Chamber Nanjing Ms. Mirella Savegnago met the French General Consul Mr. Lenain during the opening of the French Film Festival in Nanjing in June 2013 for the opening of French Film Festival in Nanjing.
Read moreSome Interesting Changes of the New Labor Contract Regulation of Jiangsu Province
New Labor Contract Regulation of Jiangsu Province (hereinafter referred to as “the New Regulation”), composed of 8 chapter and 60 articles, was implemented on May 1st, 2013: this is the first revision of the old regulation which was implemented for ten years and the first local legislation since the revision of Labor Contract Law of P.R.C. as well. The new regulation is considered as a big progress in relation to the protection of the legal interests of laborers and an improvement of the labor contract system. Four interesting changes will be illustrated below: suspension of contract, labor dispatch, interns, and high-temperature subsidy, which are different from the Labor Contract Law.
Read moreSAFE Circular 21: Further Simplifying Foreign Exchange Controls for Foreign Direct Investment
On 20th June, the European Union Chamber of Commerce invited Mr Zheng Yu, partner at Gide Loyrette Nouel and Ms Tracy Zhang, tax partner at KPMG, to provide expert insight into the implication of State Administration of Foreign Exchange (SAFE) Circular 21 and Circular 59 that further simplify foreign exchange procedures and regulations for foreign direct investment in China.
Read moreDinner with Commissioner Karel De Gucht, DG TRADE
On the 21st June, the European Chamber met with Commissioner Karel De Gucht.The Commissioner debriefed the representatives of the European Chamber about the EU-China Joint Committee meeting, the current EU trade policy agenda with China and globally and briefly mentioned the solar panels case. The European Chamber debriefed the Commissioners on its current priorities and current lobby priorities. The meeting ended with the European Chamber making two recommendations regarding the definition of private capital used by Chinese authorities and the need of a database tracking Chinese ODI to Europe.
Read moreSuzhou Appreciation Meeting
Mr. D’Andrea participated as speaker in the “Suzhou Appreciation Meeting”.
Read moreSAFE Specified Management on Foreign Invested Partnership
The Regulation of Establishment Foreign Entity or Person Invested Partnership provides that a Foreign Invested Partnership (FIP) is a partnership enterprise established by two or more foreign enterprises or individuals, as well as foreign enterprises or individuals jointly with Chinese natural persons, legal persons or other organizations. Besides the differences in investors’ liabilities, FIP is favored for its lower taxes and because it does not require MOFCOM’s approval.
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