By Bill Ye and Zhao Wenxiang King & Wood Mallesons’ Commercial & Regulatory group

The ‘Measures on the Due Diligence of Non-resident Financial Account Information in Tax Matters’ (the “CRS ”) are now in place, six months after the release of the draft for comment (the “Draft”). In response to the upcoming individual income tax reform, we have summarized the key points of the CRS Regulations.
Continue Reading An Analysis of China’s Common Reporting Standards

By Mark Schaub, Atticus Zhao and David Hong King & Wood Mallesons’ Corporate & Securities group

schaub_mChina is the promised land for many international Network Marketing companies.

China has what Network Marketing companies thrive on: consumers – 1.4 billion of them; a fast-growing middle class of over 300 million – interested in upmarket goods but also open to opportunities; and finally, an exploding market appetite for Network Marketing-friendly products – dietary supplements, cosmetics and homeware are all experiencing double digit growth rates.
Continue Reading A Castle Built on Sand: Challenges and Opportunities for Network Marketing in China