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The Financial Secretary of Hong Kong announced the SAR’s government budget for the fiscal year 2024-25. It includes increased expenditure in essential areas like healthcare and...
OpenAI’s Sora text-to-video model is making waves in China’s tech industry with its ability to generate videos from written prompts. This groundbreaking AI tool has sparked...
China’s Ministry of Education introduced new draft regulations to manage off-campus training in the after-school tutoring industry, following a crackdown in mid-2021. The regulations focus on...
Annual IIT reconciliation for 2023 must be done from March 1 to June 30, 2024. Final tax settlement appointments must be made after February 21, 2024....
The Chinese New Year holiday saw a remarkable recovery in the tourist industry, with travel numbers and revenues exceeding 2023 and pre-pandemic levels. The Ministry of...
Minimum wages in China are set to rise in 2024. The legal minimum wage is the minimum labor remuneration paid by employers to employees. Provincial governments...
China’s Personal Information Protection Law imposes stricter regulations on sensitive personal information compared to general data. Companies handling such data must adhere to stricter requirements for...
China is facing a significant demographic change with an aging population. By 2030, there will be nearly 90 million people over 65, equivalent to the population...
The State Taxation Administration has issued a circular clarifying tax filing and payment deadlines for 2024. Taxpayers must file and pay taxes within 15 business days...
