As China’s population continues to age rapidly, the government is intensifying efforts to enhance the financial services framework for elderly citizens. The State Administration of Financial Supervision has recently introduced the “Implementation Plan for the High-Quality Development of Ageing Finance in the Banking and Insurance Industry”
China Advances Pension Finance with New High-Quality Development Plan Read More »
China’s State Administration of Taxation has introduced new Administrative Measures for the Final Settlement and Payment of Individual Income Tax on Comprehensive Income (hereafter referred to as the “Measures”). These Measures provide a structured and standardized approach to the final tax settlement process, reinforcing China’s tax administration reforms.
Understanding China’s New Administrative Measures for Individual Income Tax Settlement Read More »
In response to the aging population and the growing demand for elderly care, the Central Committee of the Communist Party of China and the State Council have introduced the “Opinions on Deepening the Reform and Development of Pension Services.”
As China continues its push for modernization and digital transformation, ensuring the protection of personal data has become an increasing priority for both the government and businesses. To support this shift, the Measures for the Management of Personal Information Protection Compliance Audits …
After two years of successful pilot programs across 36 cities and regions, per 15 December 2024 China has started with the implementation of a personal pension system nationwide, with the aim to accelerate …
China Implements Nationwide Personal Pension System Read More »
China’s State Council has released the 2025 public holiday schedule, introducing two additional holidays for citizens, extending the Spring Festival and Labor Day holidays.
On 13 September 2024, the Standing Committee of the 14th National People’s Congress adopted a decision to implement the gradual postponement of the statutory …
