The audit manager at Dezan Shira & Associates, Jess Feng, sheds light on what new information can be expected in financial statements due to the new accounting standards. Learn about if the new accounting standards help companies comply with both China GAAP standards and China’s VAT system.

00:00 Intro
00:32 What new information can investors expect in financial statements?
06:25 With there already being challenges for companies trying to comply with both China GAAP standards and China’s VAT system, do the new accounting standards make this challenge easier or more difficult?

daxue consulting website: https://daxueconsulting.com/
What do you have in mind for your expansion in China? Contact us now: https://daxueconsulting.com/contact-us-now/

Dezan Shira & Associates website: https://www.dezshira.com/
Dezan Shira & Associates email: UK.Ireland@dezshira.com

Listen & Subscribe to the Podcast: 
YouTube: https://www.youtube.com/watch?v=LDka8-Z2Jr0&list=PLcVM3NJYsLF1Z2LLcVGbBVlwVQOOsuuJh
Soundcloud: https://soundcloud.com/user-177979339/tracks
Apple Podcast: https://podcasts.apple.com/us/podcast/daxue-talks/id1492896072
Spotify: https://open.spotify.com/show/2lfCyDOJJNMeW2W0Ad21QK

What is Daxue Talks? 
Daxue Talks, a China business vlog powered by daxue consulting, a china-based strategic market research company founded in 2010! With Daxue Talks, you will stay up to date with all the latest business updates in China. Every day, you will learn from china-based experts who share their knowledge about the Chinese market in 2-5 minutes.

#DaxueTalks #CAS #Accounting

Changes in Financial Statements and Challenges Facing Enterprises in China (Daxue Talks 129)

An audit manager at Dezan Shira & Associates, Jess Feng, stresses the important changes brought by the new accounting standards in regards to financial instruments. Learn about what financial instruments to use in China’s new accounting standards.

00:00 Intro
00:32 What are the major changes in the accounting standards regarding financial instruments?

daxue consulting website: https://daxueconsulting.com/
What do you have in mind for your expansion in China? Contact us now: https://daxueconsulting.com/contact-us-now/

Dezan Shira & Associates website: https://www.dezshira.com/
Dezan Shira & Associates email: UK.Ireland@dezshira.com

Listen & Subscribe to the Podcast: 
YouTube: https://www.youtube.com/watch?v=LDka8-Z2Jr0&list=PLcVM3NJYsLF1Z2LLcVGbBVlwVQOOsuuJh
Soundcloud: https://soundcloud.com/user-177979339/tracks
Apple Podcast: https://podcasts.apple.com/us/podcast/daxue-talks/id1492896072
Spotify: https://open.spotify.com/show/2lfCyDOJJNMeW2W0Ad21QK

What is Daxue Talks? 
Daxue Talks, a China business vlog powered by daxue consulting, a china-based strategic market research company founded in 2010! With Daxue Talks, you will stay up to date with all the latest business updates in China. Every day, you will learn from china-based experts who share their knowledge about the Chinese market in 2-5 minutes.

#DaxueTalks #CAS #Accounting

China’s Major Changes Regarding Financial Instruments (Daxue Talks 132)

In this episode Jasper Zhang, the HR Director at PLT Group, introduces the new IIT (individual income tax) Law in China and its impact on foreign employees. Learn more about what adjustments the new IIT Law made, and most importantly, how it will influence the employment of foreigners in China starting January 2022.

0:50 The new IIT (individual income tax) Law in China and its impact
1:53 Main areas that the new IIT Law refers to
2:04 How the new IIT Law will affect foreign employees
2:32 Main concerns for employers of foreign employees in China now and how the new IIT Law will mend them
3:43 The change of bottom line for companies employing foreigners under the new IIT Law
4:40 The reasons for the change of the IIT Law
5:36 Benefits of the new IIT Law in China

Daxue consulting website: https://daxueconsulting.com/
What do you have in mind for your expansion in China? Contact us now: https://daxueconsulting.com/contact-us-now/

PTL Group website: https://www.ptl-group.com/
PTL Group provides international companies with operational and managerial support through the various stages of their China market-entry and growth. The Group's wide range of professional services include financial services, HR management, logistics and supply chain. In the 20+ years since PTL Group's establishment, they have facilitated over 300 market-entry projects for international companies into China.
 
Listen & Subscribe to the Podcast: 
YouTube: https://www.youtube.com/watch?v=LDka8-Z2Jr0&list=PLcVM3NJYsLF1Z2LLcVGbBVlwVQOOsuuJh 
Soundcloud: https://soundcloud.com/user-177979339/tracks 
Apple Podcast: https://podcasts.apple.com/us/podcast/daxue-talks/id1492896072 
Spotify: https://open.spotify.com/show/2lfCyDOJJNMeW2W0Ad21QK 

What is Daxue Talks? Daxue Talks, a China business vlog powered by daxue consulting, a china-based strategic market research company founded in 2010! With Daxue Talks, you will stay up to date with all the latest business updates in China. Every day, you will learn from china-based experts who share their knowledge about the Chinese market in 2-5 minutes.

Understanding China’s new IIT Law and Its Impact on Foreign Employees (Daxue Talks 133)

In this episode, Jasper Zhang, HR Director of PLT Group, explains how a company entering the Chinese market should approach localizing corporate culture and employment matters, such as the employee handbook.  

0:50 Localization of corporate culture in China
2:34 Introduction to the employee handbook and its importance
4:11 What should be covered in the employee handbook?

Daxue consulting website: https://daxueconsulting.com/
What do you have in mind for your expansion in China? Contact us now: https://daxueconsulting.com/contact-us-now/

PTL Group website: https://www.ptl-group.com/
PTL Group provides international companies with operational and managerial support through the various stages of their China market-entry and growth. The Group's wide range of professional services include financial services, HR management, logistics and supply chain. In the 20+ years since PTL Group's establishment, they have facilitated over 300 market-entry projects for international companies into China.
 
Listen & Subscribe to the Podcast: 
YouTube: https://www.youtube.com/watch?v=LDka8-Z2Jr0&list=PLcVM3NJYsLF1Z2LLcVGbBVlwVQOOsuuJh 
Soundcloud: https://soundcloud.com/user-177979339/tracks 
Apple Podcast: https://podcasts.apple.com/us/podcast/daxue-talks/id1492896072 
Spotify: https://open.spotify.com/show/2lfCyDOJJNMeW2W0Ad21QK 

What is Daxue Talks? Daxue Talks, a China business vlog powered by daxue consulting, a china-based strategic market research company founded in 2010! With Daxue Talks, you will stay up to date with all the latest business updates in China. Every day, you will learn from china-based experts who share their knowledge about the Chinese market in 2-5 minutes. 

#DaxueTalks #Handbook #Localizecorporateculture

How to localize corporate culture and prepare an employee handbook when entering China? (DT 134)

In this episode, Jasper Zhang, HR Director of PLT Group, continues to share with us important information about China’s individual income tax regulations. Two major types of employee tax, IIT and Social Benefits, and their possible future adjustments are elaborated in this video. Besides, Jasper introduces what Hukou is and its influence on employees' benefits. Learn more about it in the full video.  

1:06 Latest major employee tax guidelines in China
2:43 Possible changes of social benefits in 2022
3:20 Important things you need to know about Hukou
3:51 The influence of Hukou

Daxue consulting website: https://daxueconsulting.com/
What do you have in mind for your expansion in China? Contact us now: https://daxueconsulting.com/contact-us-now/

PTL Group website: https://www.ptl-group.com/
PTL Group provides international companies with operational and managerial support through the various stages of their China market-entry and growth. The Group's wide range of professional services include financial services, HR management, logistics and supply chain. In the 20+ years since PTL Group's establishment, they have facilitated over 300 market-entry projects for international companies into China.
 
Listen & Subscribe to the Podcast: 
YouTube: https://www.youtube.com/watch?v=LDka8-Z2Jr0&list=PLcVM3NJYsLF1Z2LLcVGbBVlwVQOOsuuJh 
Soundcloud: https://soundcloud.com/user-177979339/tracks 
Apple Podcast: https://podcasts.apple.com/us/podcast/daxue-talks/id1492896072 
Spotify: https://open.spotify.com/show/2lfCyDOJJNMeW2W0Ad21QK 

What is Daxue Talks? Daxue Talks, a China business vlog powered by daxue consulting, a china-based strategic market research company founded in 2010! With Daxue Talks, you will stay up to date with all the latest business updates in China. Every day, you will learn from china-based experts who share their knowledge about the Chinese market in 2-5 minutes. 

#DaxueTalks #Hukou #IIT

Understanding employee taxation rules and the Hukou system in China (Daxue Talks 135)

This is the third episode of helpful advices for foreign companies from Jasper Zhang, HR Director of PLT Group. Learn more about procedures and crucial matters you need to know when terminating an employment contract with employees in China.

1:06 Important remarks concerning the termination of an employment contract
2:06 Process before terminating an employment contract
3:35 How to minimize risks when terminating Chinese employees

Daxue consulting website: https://daxueconsulting.com/
What do you have in mind for your expansion in China? Contact us now: https://daxueconsulting.com/contact-us-now/

PTL Group website: https://www.ptl-group.com/
PTL Group provides international companies with operational and managerial support through the various stages of their China market-entry and growth. The Group's wide range of professional services include financial services, HR management, logistics and supply chain. In the 20+ years since PTL Group's establishment, they have facilitated over 300 market-entry projects for international companies into China.
 
Listen & Subscribe to the Podcast: 
YouTube: https://www.youtube.com/watch?v=LDka8-Z2Jr0&list=PLcVM3NJYsLF1Z2LLcVGbBVlwVQOOsuuJh 
Soundcloud: https://soundcloud.com/user-177979339/tracks 
Apple Podcast: https://podcasts.apple.com/us/podcast/daxue-talks/id1492896072 
Spotify: https://open.spotify.com/show/2lfCyDOJJNMeW2W0Ad21QK 

What is Daxue Talks? Daxue Talks, a China business vlog powered by daxue consulting, a china-based strategic market research company founded in 2010! With Daxue Talks, you will stay up to date with all the latest business updates in China. Every day, you will learn from china-based experts who share their knowledge about the Chinese market in 2-5 minutes. 

#DaxueTalks #Chinaemployment #ChinaHR

How to terminate an employee’s contract for a company in China? (Daxue Talks 136)

In the fourth episode Jasper Zhang, the HR Director of PLT Group, explains how to hire a foreign employee, important matters regarding to the working visa, and tax regulations (social benefits and tax exemption) for foreign employees. 

0:49 Process for hiring a foreigner in China
2:14 Types of visa foreigners can get in China
3:14 Visa that can permit foreigners to work in China
4:15 How to get a working visa in China
4:50 Does foreign employees need to pay social benefits?
5:38 Special taxes and tax exemption for foreign employees

Daxue consulting website: https://daxueconsulting.com/
What do you have in mind for your expansion in China? Contact us now: https://daxueconsulting.com/contact-us-now/

PTL Group website: https://www.ptl-group.com/
PTL Group provides international companies with operational and managerial support through the various stages of their China market-entry and growth. The Group's wide range of professional services include financial services, HR management, logistics and supply chain. In the 20+ years since PTL Group's establishment, they have facilitated over 300 market-entry projects for international companies into China.
 
Listen & Subscribe to the Podcast: 
YouTube: https://www.youtube.com/watch?v=LDka8-Z2Jr0&list=PLcVM3NJYsLF1Z2LLcVGbBVlwVQOOsuuJh 
Soundcloud: https://soundcloud.com/user-177979339/tracks 
Apple Podcast: https://podcasts.apple.com/us/podcast/daxue-talks/id1492896072 
Spotify: https://open.spotify.com/show/2lfCyDOJJNMeW2W0Ad21QK 

What is Daxue Talks? Daxue Talks, a China business vlog powered by daxue consulting, a china-based strategic market research company founded in 2010! With Daxue Talks, you will stay up to date with all the latest business updates in China. Every day, you will learn from china-based experts who share their knowledge about the Chinese market in 2-5 minutes. 

#DaxueTalks #HRChina #IITChina

Differences and things to know when hiring foreigner vs local employees in China (Daxue Talks 137)

The food and beverage sector in China is continuing to develop and upgrade. China’s food market size was 114.3 billion RMB in 2019, while the beverage market size was 57.9 billion RMB. 

With rising incomes and the impact of Covid-19, Chinese consumers are increasingly demanding better health from their food. Beverage brands like Ganki Forest quickly gained widespread popularity in the market by promoting its "Zero Sugar, Zero Calories" feature. The products themselves still taste like traditional drinks -- they have flavors like milk tea, sparkling water or fizzy drinks -- but they try to convince consumers that they are healthy and drinking them won’t gain weight. However, such marketing is also risky since Chinese young consumers are increasingly concerned about the real ingredients, and brands can no longer reap success by simply labeling them as healthy.

At the same time, many traditional F&B brands also caught the health wave. Kang Shifu and Nongfu Spring both launched similar health drinks; Wahaha has opted for a co-branding with the popular Zhong Xue Gao. In addition, the “Low-salt” diet seems also to be emerging as a potential development point.

Listen to learn more about the healthy trends in China. 

This China food and beverage market report was created in partnership with Double V. Consulting. Find the full report here: https://daxueconsulting.com/chinese-food-and-beverage-brands-report/

Daxue's Linkedin: https://www.linkedin.com/company/daxue-consulting
Daxue's WeChat: https://mp.weixin.qq.com/mp/profile_ext?action=home&__biz=MzA4MTk5OTUxOA%3D%3D&scene=124#wechat_redirect

Contact us: https://daxueconsulting.com/contact-us-now/

#MarketTidbits #F&B #HealthyEating

Chinese F&B brands’ secrets to success [the food and beverage sector in China] (MTB 10)

In this China business podcast, Chris Pan, the Director of Supply Chain Management at PTL Group, shares her insights on logistics providers in China. Listen to learn how to choose a logistics supplier, and the difference between third and fourth party logistics companies.

Jump to the questions:
00:51 What to be guided by when choosing logistics and transportation supplier in China?
02:39 What is the difference in terms of the logistics support between 3PL (3rd party logistics) or 4PL (4th party logistics) companies and a traditional distributor in China?
04:24 How can you tell if your local agent is a 3PL or a 4PL? 

Daxue consulting website: https://daxueconsulting.com/
What do you have in mind for your expansion in China? Contact us now: https://daxueconsulting.com/contact-u...

PTL Group website: https://www.ptl-group.com/
PTL Group provides international companies with operational and managerial support through the various stages of their China market-entry and growth. The Group's wide range of professional services include financial services, HR management, logistics and supply chain. In the 20+ years since PTL Group's establishment, they have facilitated over 300 market-entry projects for international companies into China.

Listen & Subscribe to the Podcast:
YouTube: www.youtube.com/watch?v=LDka8-Z2J…cVGbBVlwVQOOsuuJh
Soundcloud: soundcloud.com/user-177979339/tracks
Apple Podcast: podcasts.apple.com/us/podcast/daxu…ks/id1492896072
Spotify: open.spotify.com/show/2lfCyDOJJNMeW2W0Ad21QK

What is Daxue Talks? 
Daxue Talks, a China business vlog powered by daxue consulting, a china-based strategic market research company founded in 2010! With Daxue Talks, you will stay up to date with all the latest business updates in China. Every day, you will learn from china-based experts who share their knowledge about the Chinese market in 2-5 minutes.

Logistics providers in China (Daxue Talks 138)

In this China business podcast, Chris Pan, the Director of Supply Chain Management at PTL Group, shares her insights on the logistics market in China after COVID-19. 

Get to the main point:
01:00 How has COVID-19 affected the supply chain in China?

Daxue consulting website: https://daxueconsulting.com/
What do you have in mind for your expansion in China? Contact us now: https://daxueconsulting.com/contact-u...

PTL Group website: https://www.ptl-group.com/
PTL Group provides international companies with operational and managerial support through the various stages of their China market-entry and growth. The Group's wide range of professional services include financial services, HR management, logistics and supply chain. In the 20+ years since PTL Group's establishment, they have facilitated over 300 market-entry projects for international companies into China.
 
Listen & Subscribe to the Podcast: 
YouTube: https://www.youtube.com/watch?v=LDka8... 
Soundcloud: https://soundcloud.com/user-177979339... 
Apple Podcast: https://podcasts.apple.com/us/podcast... 
Spotify: https://open.spotify.com/show/2lfCyDO... 

Listen & Subscribe to the Podcast: 
YouTube: https://www.youtube.com/watch?v=LDka8-Z2Jr0&list=PLcVM3NJYsLF1Z2LLcVGbBVlwVQOOsuuJh 
Soundcloud: https://soundcloud.com/user-177979339/tracks 
Apple Podcast: https://podcasts.apple.com/us/podcast/daxue-talks/id1492896072 
Spotify: https://open.spotify.com/show/2lfCyDOJJNMeW2W0Ad21QK 

What is Daxue Talks? 
Daxue Talks, a China business vlog powered by daxue consulting, a china-based strategic market research company founded in 2010! With Daxue Talks, you will stay up to date with all the latest business updates in China. Every day, you will learn from china-based experts who share their knowledge about the Chinese market in 2-5 minutes.

The current logistics market in China (Daxue Talks 139)

In this China business podcast, Chris Pan, the Director of Supply Chain Management at PTL Group, shares her insights on logistics in China. Listen to learn logistics difficulties foreign firms face and what they should be aware of when planning logistics in China. 

Jump to the questions:
00:45 What are the typical difficulties that foreign firms face when trying to manage logistics in China? Transparency? Licensing? 
02:25 What should foreign businesses be aware of when it comes to HS codes in China?
03:40 In terms of financial management of the logistics process, what should foreign businesses pay particular attention to in China?

Daxue consulting website: https://daxueconsulting.com/
What do you have in mind for your expansion in China? Contact us now: https://daxueconsulting.com/contact-u...

PTL Group website: https://www.ptl-group.com/
PTL Group provides international companies with operational and managerial support through the various stages of their China market-entry and growth. The Group's wide range of professional services include financial services, HR management, logistics and supply chain. In the 20+ years since PTL Group's establishment, they have facilitated over 300 market-entry projects for international companies into China.
 
Listen & Subscribe to the Podcast: 
YouTube: https://www.youtube.com/watch?v=LDka8... 
Soundcloud: https://soundcloud.com/user-177979339... 
Apple Podcast: https://podcasts.apple.com/us/podcast... 
Spotify: https://open.spotify.com/show/2lfCyDO... 

What is Daxue Talks? 
Daxue Talks, a China business vlog powered by daxue consulting, a china-based strategic market research company founded in 2010! With Daxue Talks, you will stay up to date with all the latest business updates in China. Every day, you will learn from china-based experts who share their knowledge about the Chinese market in 2-5 minutes.

Changes in Financial Statements and Challenges Facing Enterprises in China (Daxue Talks 129)

daxue talks

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