New business licence in Zhejiang Province. “五证合一, 一照一码“


“五证合一, 一照一码“  Five licenses in one, one identity one number.

The Zhejiang province government requires all businesses to get a new business licenses. This new business license will unify 5 different licenses and certificates to simplify the process:

  • business license
  • organizational code certificate
  • tax registration certificate
  • social insurance registration certificate
  • statistics registration certificate

All these will be combined into the new business license. All old licenses and certificates will be discontinued and can not be renewed any more.

The application form will need copies of all 5 certificates, the signature of the legal representative and company chop. The change of the business license may also trigger further need of registration renewal at other government offices, banks and insurances. A timely and thorough preparation is very important in these matters to avoid any disruptions of business operations.

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RMB included in the SDR basket

RMB is determined to be a freely usable currency and will be included in the SDR basket as a fifth currency RMBinSDRBasket

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5 tools to ensure compliance in your chinese subsidiary

  • Make sure to create a code of conduct as part of the Chinese staff handbook in China: all compliance requirements and the handbook must be adjusted to local legal requirement and customs

  • High ranking staff, for example the general manager or HR Manager, should conduct staff training to show importance to compliance

  • Larger companies should have compliance officers to supervise, train and improve compliance. But it must be clear that all staff has responsibility for compliance.

  • Zero-Tolerance-Policy for any violations of the Code of Conduct

  • Speak-Up, be public about all rules and regulation, try to create posters and information leaflets to ensure that everyone is aware of the importance of compliance

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How to protect your brand in China

How to protect your brand in China.

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Assessing China’s Corporate Sector Vulnerabilities

Assessing China’s Corporate Sector Vulnerabilities.

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Growing (Un)equal: Fiscal Policy and Income Inequality in China and BRIC+

Growing (Un)equal: Fiscal Policy and Income Inequality in China and BRIC+.

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山寨, shānzhài: Mountain Stronghold

Today, the word shanzhai can be used to describe anything that is underground, non-official and inexpensive with acceptable quality. Shanzaiism: a philisophical term denoting a style of innovation with a rural mind-set. Shanzhai (copycat). Shanzhai Ji: Copied Mobile Phone.

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Tenth of #ThirtySixStratagems: Hide the dagger behind a smile. 笑里藏刀 (笑裡藏刀) – Xiàolǐcángdāo.

Mini strategy series @soerenbax: The #ThirtySixStratagems, a collection of ancient Chinese military thought and experience.

Characters of the tenth of Thirty-Six Stratagems: 笑里藏刀 (笑裡藏刀) – Xiàolǐcángdāo. , xiào: smile. , : inside, behind. , cáng: hide, conceal. , dāo: knive.

Meaning: Pretend to be friendly and peacefully, but secretly preparing and waiting for an opportunities to strike at the opponent.

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BBC News – China media: Investigation against Ling Jihua, Pyongyang and Chinese Christmas

via BBC News – China media: Praise for investigation against Ling Jihua.

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China’s Investigation of Ex-President’s Aide Marks New Phase in War on Corruption – WSJ

China’s Investigation of Ex-President’s Aide Marks New Phase in War on Corruption – WSJ.

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