Policies

China has updated its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a refund-upon-purchase model, the State Taxation Administration (STA) said. Under the new refund-upon-purchase policy, foreign visitors can instantly claim value-added tax (VAT) rebates at tax-free stores, enabling them to reuse the refunded amount in real time for further shopping ...

The Chinese e-car manufacturer BYD has officially entered the Swiss market. The world's largest e-car manufacturer is planning a dealer network with 15 points of sale in Switzerland by the end of the year.

UBS will acquire an additional 33 percent stake in UBS Securities from Beijing State-owned Assets Management Co. (BSAM), thereby taking full control of UBS Securities in China, the bank announced on March 28, having received the corresponding approval from the China Securities Regulatory Commission.

Nestlé will put the emphasis on three key areas in the China market, namely coffee, pet food and nutrition, the new chief executive officer of the Swiss food and beverage giant, said at the recent annual meeting of the China Development Forum.

DKSH has signed a strategic partnership with CELLINK, a global leader in 3D bioprinting and part of BICO Group, to expand access to cutting-edge bioprinting solutions in China. Through its extensive sales network and comprehensive service offerings, DKSH will support CELLINK in strengthening its market presence and advancing biomedical research in the region.

The State Council unveiled the revised edition of regulations aimed at ensuring timely payments to small and medium-sized enterprises (SMEs). The new regulations, which will go into effect on June 1, detail the responsibilities of the relevant departments at the central and local levels to ensure timely payments to SMEs.

The State Council unveiled the regulation on implementing the anti-foreign sanctions law, comprising 22 articles, set to take effect on March 24. According to the regulation, China will enhance its countermeasures. It specifies the seizure, detention and freezing of "other types of assets," "relevant transactions, cooperation and other activities" that are prohibited or restricted as well as ...

The China Development Forum (CDF) 2025 Annual Conference was held in Beijing from March 23 to 24. Under the theme "Fully Unleashing Development Momentum for Global Economic Stability and Growth," the forum brought together senior representatives from the Chinese government, global business community, academia, and international organizations for in-depth discussions and exchanges. ABB Group CEO ...

The General Office of the State Council issued "Opinions on Further Strengthening Compliance Work for Trade Policy. The document proposes that compliance assessment be a necessary pre-condition before the introduction of trade policies. State Council departments and local governments should conduct compliance assessments on the proposed policy measures to ensure that they comply with the rules of ...

The State Council released a new IP rule, which would come into effect on May 1 as part of a set of regulations on the settlement of foreign-related intellectual property disputes. The rule aims to strengthen intellectual property protection, promote the handling of foreign-related intellectual property disputes by citizens and organizations in accordance with the law, and safeguard the legitimate ...