BC Partners Consulting Limited

Tel : +86-020-2917 9715    Mail : p roposal@set-up-company.com Accelerate the development of the financial industry In line with the country's financial watchdog, according to the overall deployment of the country's financial industry opening to the outside world, in accordance with the principle of open cooperation, under the framework of CEPA, within the scope of Guangdong province first try, study and thorough going efforts to promote financial cooperation, Shenzhen and Hong Kong to study appropriate to reduce the barriers to entry, financial institutions and financial business in Hong Kong to support the financial innovation project in before the first try. We will create a sound financial environment and attract all kinds of financial institutions to develop in the former sea. We will enhance the capacity of financial radiation services and strive to make Qianhai construction an experimental demonstration window for the country to open up to the outside wor...

China (Guangdong) Pilot Free Trade Zone (hereafter referred to as GDFTZ) was formally approved by the State Council and established on 31 December, 2014. China (Shanghai) Pilot Free Trade Zone comprises four areas under the special administration of Customs-- Nansha Area of Guangzhou, Qianhai & Shekou Area of Shenzhen, Hengqin Area of Zhuhai. The entire zone covers a combined 116.2 square kilometers. China (Guangdong) Pilot Free Trade Zone marks a major milestone in the nation's commitment to forge ahead with domestic reforms and wider opening to world markets, in line with global economic trends. Depend on Hong Kong and Macao, serve the mainland and face the world, GDFTZ is to become a demonstrative area for deep collaboration between Guangdong, Hong Kong and Macao, a crucial hub of 21st century’s maritime silk road and pilot area for next round of economic reforms nationwide. Nansha Area of Guangzhou , emphasizes on shipping logistics, finance, international trade, high-end...

Hong Kong has long term been a hotbed for businessmen with budding business ideas. Incorporation in Hong Kong is quick and easy.   Since 2016, HSBC Hong Kong first gradually tightened its commercial account opening requirement, Hang Seng Hong Kong follows. Recently a lot of expats stuck in the corporate bank account opening in Hong Kong after company incorporation. Information or comments about the difficulties of opening a bank account in Hong Kong is everywhere.   Based on the cases and experience, we compare and see there are 4 Steps to get a guaranteed HK Corporate Bank Account Even as a Startup:   First, Get a Basic Understanding of Hong Kong Bank’s KYC “Know Your Customer Policy” & Anti-money Laundry Policy For expats, they can walk into a random branch in their country and get a clear guidance by the bank mangers there. Within a week, they will get a functional bank account without any abundant supporting documentation or detailed explanation. Well, this is not...

If you want to host your website on a mainland Chinese server, you have to have an ICP. Technically, it means only websites within the Chinese mainland are required by law to have an ICP（abbreviation for   Internet Content Provider ）.   ICP stands for Internet Content Provider. It is a permit issued by the Chinese Ministry of Industry and Information Technology to allow China-based websites to operate in China. It is a number start with abbreviation of province, plus 8 digital numbers. ICP numbers are usually displayed in the small print in website footers. ICP simply means you’ve been approved to host your website on a mainland Chinese server. Please note that if your site is host in Hong Kong is not required by this regulation since China mainland and China Hong Kong are governed by different set of laws.   What Will Happen if I Don’t Have an ICP? In principle, all China Mainland hosted websites will be randomly inspected by MIIT (abbreviation for Ministry of Industry a...

Without exception, our clients after freshly incorporated his WFOE, Joint Venture or Representative Office in China, nearly all of them have questions regarding China’s Fapiao. The changing policy about Fapiao, making it even more blur. Business China will help you to clear up China’s Fapiao (Invoice) system briefly.   Fapiao(Invoice) Fapiao is a Chinese characteristic, which does not exist outside of China. In China, all business transactions are required by law to be recorded on an official receipt, which called Invoice (“Fapiao” in Chinese). Fapiao must be printed on official receipt applied from the tax authorities, otherwise the business transaction will not be recognized by the tax authority. Hence, the company will be unable to use the expense for tax refund or deduction. Inside the company, an employee must submit official Fapiao under company name to declare expenses for reimbursement. Please aware each company is also required by law to implement business with...

China Import and Export Fair, known as the "Canton Fair", has been held every spring and autumn in Guangzhou, China since 1957. Co-hosted by the Ministry of Commerce of PRC and the People's Government of Guangdong Province and organized by China Foreign Trade Centre, Canton Fair is a comprehensive international trading event with the longest history, the largest scale, the most complete exhibit variety, the largest buyer attendance, the broadest distribution of buyers' source country and the greatest business turnover in China. Canton Fair has been successfully held for 60 years, as an outstanding platform for Chinese enterprises to explore the international market and for foreign investors vice versa. It is the window, epitome and symbol of China's opening up.   The 122nd Canton Fair Pre-registration:   http://invitation.cantonfair.org.cn/BuyerUser/BuyserLogin   Phase 1: Oct. 15-19, 2017   Electronics & Household Electrical Appliances   Lighting Eq...

If you have an emergency while you are traveling (such as fire or traffic accidents), or other trouble or have other complaints or questions, the following telephone numbers may be useful. Emergency Numbers Police (Calling) 110 Police (Text message) 12110 First-aid Ambulance 120 Fire 119 Traffic Accidents 122 Calling Tips: 1. 110, 120 and 119 are free calls. 110 may be used for all emergencies.  It is the first number to call. Whether 119 or 120 is called depends on the situation. 2. The more details you can provide to the police, the better. At a minimum, you will need to provide your name and location and give a description of the problem. If you don’t know the exact position, tell them the landmarks buildings nearby. If you are in a remote area, you will need to give the name of the town or village. After the call, you should keep your phone on in case they need to call you back. When you see a police car approaching, wave to them actively. 3....