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China Implements New SAFE Measures to Facilitate Cross-Border Trade

China Implements New SAFE Measures to Facilitate Cross-Border Trade The State Administration of Foreign Exchange (SAFE) has introduced a new package of nine facilitation measures aimed at reducing friction in cross-border transactions and strengthening the development of China’s foreign trade sector. Announced at the 2025 Financial Street Forum in Beijing, these policies span three major […]

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Strengthening Accountability in China’s Accounting System

Strengthening Accountability in China’s Accounting System The Ministry of Finance has issued a comprehensive set of new regulations aimed at strengthening accountability within China’s accounting system and improving the overall quality of accounting information. Released as the Opinions on Further Consolidating Accounting Work Responsibilities and Strengthening the Implementation of Accounting Laws and Regulations and the

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Interpretation of the Implementation Plan for Further Promoting the Innovation and Development of Service-Oriented Manufacturing (2025–2028)

China’s manufacturing industry is entering a new phase of transformation, marked by the deep integration of advanced manufacturing with modern services. The Implementation Plan for Further Promoting the Innovation and Development of Service-Oriented Manufacturing (2025–2028), jointly issued by seven key ministries and national bodies …

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Key Policy Updates Announced at the 2025 Financial Street Forum

The 2025 Financial Street Forum Annual Conference, held in Beijing on October 27, brought together senior officials from China’s main financial regulatory institutions, the People’s Bank of China (PBOC), the China Securities Regulatory Commission (CSRC), the State Administration of Financial Regulation (SAFR), and the State Administration of Foreign Exchange (SAFE) …

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Introduction to China’s One-Time Entrepreneurship Subsidies

Entrepreneurship continues to play a critical role in stabilizing employment and driving economic growth in China. To support new business owners and reduce financial pressures during the early stages of operations, many local governments across China have introduced one-time entrepreneurship subsidies. These subsidies provide direct financial assistance to qualifying individuals who establish small and micro

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