Newsletter: Is Being Rich in China A Good Thing?

Back full steam ahead this week, most people back for a full week of “work” for Chinese New Year – we have now cleared both Western and Chinese New Year – so 2017 can really start!

Plus it is warming up in Shenzhen, feeling like springtime already. Now for this week’s news:

Why foreign companies are shutting down shop in Mainland China.

Via Andre Martin

Cancelled deals, ouch.

China M&A: Cross-border deals worth $75bn were cancelled in 2016

China’s foreign exchange watchdog is said to have imposed most restrictions in 2016 over cross-border deals. This, the analysis said was part of its efforts to save its currency reserves, which declined by $320bn in 2016.

Via Chris Moore  

It’s dangerous being a rich person in China. Sometimes people wonder why rich Chinese invest in overseas property, maybe it’s their “plan B”.

Via Chris Moore

Trump & Hong Kong:

Protesters gather on Sunday in Hong Kong on Sunday to protest Trump

And this HK doll maker makes a $120usd Trump replica

But joking aside, HK stocks move higher due to Trump’s actions:

Banking shares largely led the gains in Hong Kong, mirroring last week’s rally in the US financial sector after US President Donald Trump ordered a review of banking regulations implemented after the 2008 financial crisis. Banks could see large savings in regulatory costs if the regulations are removed.

And, a letter for Trump, to repeal FATCA (that would be game changing if it went through)

These are some great photos!

The HK Free Press’ street photography series, part 3

No doubt in my mind I have eaten food handled like this…

[Video] This HK street cart was caught…picking up chicken wings and cooking them.

Global From Asia News

Listen to this week’s podcast

This week’s podcast we dive deep into managing your online team to rock your Amazon FBA business, although I think even non FBA sellers can get a lot out of this one – listen in now.

And we get frequent requests to lower the fees for an HK company audit, so this blog gives some tips on keeping the fee low

     Listen to more podcasts →   

Global From Asia VIP News

Looking to ask questions about taxes in Hong Kong? We are hosting a webinar on Wednesday with my CPA partner Ray Ng and I on Wednesday Feb 22, 2017 at 9pm. 

Only $35 USD, sign up now. 

Video of the Week

We are BACK – out and about in Shekou working some deals for upcoming Cross Border Summit April 21-22