Navigating China's Compliance Framework in the Digital Age – Solutions for Forward-Thinking Enterprises

This event is hosted by Dezan Shira & Associates, supported by British Chamber of Commerce Shanghai.

If you would like to attend this in-person seminar in Shanghai, please use this link to register. Kindly note that due to limited capacity, you in-person attendance must be confirmed via email from our team. Confirmation emails will be sent by Wednesday, April 30, 2025.

With the seemingly unstoppable progress of digitization across all areas of business and society in recent years, regulatory compliance is a perennial hot topic. In China, two areas in particular stand out at the moment:

• Digitization in the accounting sphere

China has effectively completed its digital transition in the area of VAT invoice (fapiao) issuance, with most companies, retail outlets and even train tickets being issued in digital form now. With this system in place, the Chinese tax bureau is pushing companies to adopt similarly advanced platforms to manage their accounting work. Not only will such platforms create efficiencies for internal processing and reporting, they can be leveraged to entirely eliminate the maintenance and storage of paper records. Chinese authorities have stipulated that electronic archiving is a fundamental requirement for such systems and a precondition for companies to discontinue their paper-based accounting books.

Dezan Shira’s corporate accounting and IT / IS managers will introduce our system for digitizing the accounting process, and explain how we maintain compliance with important government regulations covering such financial accounting systems.

• Ensuring online corporate tools / apps utilized in China are legally compliant

Many multinational companies develop apps that gather and store various information in digital form, or they use ERP systems that are hosted overseas but include information on Chinese citizens.  If these apps are hosted outside of China the compliance challenge relates to Cross-Border Data Compliance (CBDT).  Chinese regulations that become effective in May of this year are bringing extra requirements in this area.

Alternatively, compliance challenges usually relate to Multi-Level Protection Scheme (MLPS) certification for any app or system hosted inside of China.  This is a standardized certification system that requires companies to take strong measures to protect their systems in China from security breaches, and imposes heavy penalties for failing to do so.   The accounting system we introduce in the above-mentioned section falls into the latter category here for compliance purposes.

Dezan Shira’s data security specialists will introduce what companies need to do in order to ensure the apps they are using (whether hosted inside or outside of China) maintain compliance with relevant Chinese laws.

 Agenda (China time):

• 3:30-4:00 PM Registration and networking
• 4:00-4:25 PM Presentation on digitizing the accounting process, our system, and how to maintiain compliance with important government regulations
• 4:25-4:50 PM Presentation on what companies need to do in order to ensure the apps they are using (whether hosted inside or outside of China) maintain copliance with releant Chinese laws
• 4:50 PM and Beyond: Q&A Session and networking

Venue:

• In person in Shanghai. Address details will be shared via email once the registration is confirmed.

Registration:

• This offline seminar is free of charge, but registration is required due to limited availability. To secure your spot please RSVP HERE.

*Please note that registration is on a first-come, first-served basis. Your registration is valid only if a confirmation email is received from us. Confirmation emails will be sent by Wednesday, April 30, 2025.

We look forward to welcoming you to an informative and enlightening session. For more information, please contact freda.chen@dezshira.com.