Our collection of resources based on what we have learned on the ground
Resources
Q&A
Why is it important for companies in China to keep the generational change in mi...
- June 2014
- Free Access
Companies should keep the generational change in mind and the effect of differently held values on the consumption behavior of China’s younger generation. According to a study on Chinese consumers conducted by the Samsung Economic Research Inst...
Q&A
What is the outline of China?s retail sector right now?
- June 2014
- Free Access
Currently, China’s retail sector is fragmented. Small independent stores dominate the retail landscape, with the top 100 retailers accounting for only 11 percent of total retail sales. For a long time, companies only set up stores in the downto...
Q&A
What are the requirements for setting up a foreign-invested commercial enterpris...
- June 2014
- Free Access
To set up a retail store in China, foreign investors must first (or concurrently) register a foreign-invested commercial enterprise. According to the 2004 FICE regulations, setting up a FICE requires applicants to meet the following criteria: ...
Q&A
How was China?s Company Law amended at the end of 2013?
- June 2014
- Free Access
China amended its Company Law at the end of 2013, which, with certain exceptions, removed the previously mandatory requirement of minimum registered capital for establishing a company. The same law also replaced the paid-up capital registration syste...
Q&A
What is the minimum amount of capital needed to establish a foreign-invested com...
- June 2014
- Free Access
While in theory the new Company Law suggest that a FICE may be established with US$1 of capita, in practice, this is not a good idea for the following reason: a FICE’s capital should cover its pre-operational expenses (including rental fees, ta...
Q&A
What are the limitations that apply to foreign-invested commercial enterprises (...
- June 2014
- Free Access
Limitations apply to FICEs dealing in specific products such as books, periodicals, newspapers, pharmaceutical products, agricultural chemicals or films, chemical fertilizers, processed oil, grain, vegetable oil, edible sugar, and cotton. If a foreig...
Q&A
How long is the application process to establish a foreign-invested commercial e...
- June 2014
- Free Access
Depending on the region of registration, planned business scope, and complexity of the business plan, the application process to establish a FICE generally takes five to six months and can be divided into two parts: pre-registration, i.e., what happe...
Q&A
What are the key-steps in the pre-registration of a foreign-invested commercial ...
- June 2014
- Free Access
The pre-registration key-steps for FICEs are: 1) Premises selection: Foreign investors need to find premises to locate their business and obtain a proper leasing contract before the registration process begins. It is important to check the legal use...
Q&A
How can a company establish a physical retail shop after setting up a foreign-in...
- June 2014
- Free Access
For a FICE that has already received permission to be established to open a shop, retail business must be included in its business scope. Moreover, if the FICE premises are not intended for commercial use, its foreign investors will need to rent c...
Q&A
How can a company in China concurrently establish a foreign-invested commercial ...
- June 2014
- Free Access
Where the foreign investor wishes to apply for the opening of a shop concurrently with the establishment of the FICE, the proposed shop must conform to the urban and commercial development plans of the city where it is situated, for which a docume...
Q&A
Where are retail sales professionals in China?
- June 2014
- Free Access
The presence of retail sales professionals are the most common in first and second tier cities: approximately 40 percent in the former, and nearly 20 percent in the latter. Only in the retail specialist sub-sector are professionals more scattered: Sh...
Q&A
Which sub-sector of the retail industry in China employs on average the youngest...
- June 2014
- Free Access
The fashion apparel employs on average the youngest professional who are also the least experienced and least stable in the retail industry. When it comes to sales workforce, the majority of employees in fashion apparel sector are women: at the sales...
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