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Guangdong Passed Local Regulation on Collective Contracts
Andy S. Yeo, October 17, 2014
The Guangdong Regulation on Collective Contracts (the “New Regulation”) was passed by the Standing Committee of the People’s Congress of Guangdong Province on 25 September 2014, and it will take effect on 1 January 2015.
SAFE Circular 36: Liberalising Capital Account Settlement for FIEs
Frank L. Qi,Betty F. K. Tam, August 8, 2014
On 15 July 2014, the State Administration of Foreign Exchange (SAFE) issued the Circular of the SAFE on Relevant Issues Concerning the Pilot Reform in Certain Areas of the Administrative Method of the Conversion of Foreign Exchange Funds by Foreign-invested Enterprises (“Circular 36”),...
Beijing Average Monthly Wage Increased to CNY 5,793
Duncan A. W. Abate,Helen H. Liao,Hong Tran,Andy S. Yeo, June 19, 2014
On 6 June 2014 the Beijing Municipal Human Resource and Social Security Bureau and the Beijing Municipal Statistics Bureau announced that the average monthly wage for 2013 was CNY 5,793. This is an increase of 10.9 percent on the previous average monthly wage of CNY 5,223 determined in 2012.
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