Search Results for: business

CHINA | Attending the China International Import Exposition?

Here’s our practical advice for doing business in China now: trademarks, business cards and more.

The Fifth China International Import Exposition starts tomorrow (5 November) and lasts till the 10 November. China International Import Exposition was first announced in May 2017 by President Xi Jinping during the Belt and Road Forum as a platform to actively open the Chinese market to the world in support of trade liberalization and economic globalisation.

Since the first expo, significant events have occurred in the […]

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CHINA | Moving to a Risk-based Approach

On March 1, 2022, the Measures for Financial Institutions on Customer Due Diligence and Client ID Information, and Transaction Records Management (‘Measures’) came effective.

The Measures issued by the People’s Bank of China, the Bank of China insurance regulatory commission, and the China Securities Regulatory Commission. It aligns with the current financial landscape. And international anti-money laundering standards by establishing a risk-based framework for financial institutions. And moves to a risk-based approach.

Risk-based Approach 

With the development of financial products, financial institutions […]

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