Taxation, banking, and securities

To do business in China, foreign investors must also consider tax, the banking system, and securities. The first section of this chapter discusses the taxation system in China, focusing on those taxes that are most relevant to foreign investors. The second section briefly introduces China’s banking system, the foreign banking institutions operating in China, and China’s administration of foreign exchange related to foreign investors. The final section analyzes China’s security market, focusing on the administration system, security offering and trading, the B-share and the qualified foreign institutional investors (QFII) scheme that are most relevant to foreign investors.