Hong Kong Announces Enhancement Measures for Immigration Policy
Hong Kong has recently announced that a set of new enhanced measures to its immigration policy will be implemented by the second quarter of 2015. These new measures are expected to build up “human capital” in Hong Kong by supporting the local workforce with foreign professionals.
Outlook on Light Manufacturing in China: May 2015
CascadeAsia reports on the latest trend in the light manufacturing sector in Asia. This month’s bulletin goes into unrest over the Dongguan housing fund and employees’ work safety concerns in Fujian.
Warming up to the Job: Employee Probation in China
In this article, we go into the probation period in Chinese labor contracts. A feature that is somewhat unfamiliar to foreign investors, the probation period lets an employer pay a new employee a lower salary, and allows for a lower bar to dismissal.
Social Security in China: What a Foreign Company Needs to Know
In China, it is now up to companies (including foreign companies) to contribute to an employee’s social welfare. In this article, we highlight what a firm’s obligations are and discuss how the system differs between Shanghai and Beijing.
How Does an FIE in China Become Criminally Liable for not Paying Wages?
Most foreign investors may not be aware of it, but as of 2011, employers in China may face prison sentences for not paying their staff. While some conditions need to be met before an employer is held criminally liable, understanding this law is important to keep in mind in case a company runs into financial troubles, or when a company leaves China without paying its employees.
Human Resources and Payroll in China 2015 – New Publication from China Briefing
Human Resources and Payroll in China 2015, now available through the Asia Briefing Bookstore, provides a firm understanding of China’s laws and regulations related to human resources administration and payroll management.
Special Feature: Remitting Your RMB Abroad
China has limitations in place on how much RMB you can convert into and from foreign currencies, as well as how much money you can send abroad. There are several ways to remit your savings back home. This article discusses the most common, and some of the less orthodox ways of doing so.
Obtaining a Multi-Year Employment Permit in China
A number of cities have changed their policy relating to Employment Permits, now granting permits with a validity of more than one year. Find out if you’re eligible for a multi-year employment permit.