Search Results for: business

CHINA | Navigating Customs Voluntary Disclosure Reforms

China Customs has been actively developing a customs voluntary disclosure system suited to its environment since the launch of the pilot project on enterprise self-regulation management in 2014.

The primary goal of this system is to implement the management concept of “promoting integrity, and punishing dishonesty” at the legislation level for enterprises, aiming to encourage responsible behaviour by the enterprise.

In line with this objective, the General Administration of Customs (“GAC”) has issued Announcement No. 161 of 2019 and Announcement […]

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Shifting Perspectives in Risk Management

In this post-pandemic world, global business risks are increasingly changing at a rapidly. Companies must re-frame previous perspectives, respond across the entire operations and strengthen their resilience proactively.

Businesses can mitigate or decrease risk levels by achieving clear and accurate insight. Though no company is immune from risk disruptions, companies that build resilience will have a strategic advantage and be better equipped to respond to disruption effectively.

Risk management involves responding to change and shifting the approaches to manage risk. Specifically, re-evaluating […]

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CHINA | Standardized Certification Documents for Notarization  

Where a company intends to involve notarization procedures and require the related documents to be notarized during the business operation in the People’s Republic of China(“China”), the public notary of China would request for documents as certification.

Understanding which certification documents to submit ensures efficient processing, but the list of basic documents may vary from one notary office to the other.

To standardize the list of basic documents, the Public Legal Services Administration of the Ministry of Justice and the China […]

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