Ella's blog

RSU and PSU ---Denise Xia

RSU(Restricted Share Unit) is a kind of compensation offered by an employer to an employee in the form of company stock. The employee does not receive the stock immediately, but instead receives it according to a vesting plan and distribution schedule after achieving required performance milestones or upon remaining with the employer for a particular length of time. The RSU are assigned a fair market value when they vest. Upon vesting, they are considered income, and a portion of the shares are withheld to pay income taxs. The employee receives the remaining shares and can sell them at any time.

New ways to celebrate Chinese New Year---Kate Wang

 

Chinese New Year, also known as Chinese Lunar New Year and Spring Festival, which last 15 days. It is the most important and biggest festival in China with plenty of traditional customs. Different parts of China have different traditions, but the typical customs are similar, such as clean and decorate the house to welcome New Year, whole family prepare a New Year’s Eve Dinner, elder give lucky money to children and unmarried young people, visit home elder, relatives and friends and so on. However, the legal holiday for celebrate Chinese New Year only have 7 days, with the increasing level of service diversification, it is becoming more flexible.

 

Spring Festival Gala

Measures for managing the pension fund investment issued---Denise Xia

The State Council recently issued the Measures for the Administration of the Basic Pension Insurance Fund Investment.
The Measures define the investment scope of pension funds and stipulate that the total proportion of pension funds invested in stock markets, stock funds, mixed funds and stock pension products shall not exceed 30% of the net worth of the pension funds. In addition, equity investment in the process of restructuring or public listing of key state-owned enterprises is allowed for pension fund investment. To improve the transparency of the operation of pension fund investment, the Measures require regular disclosure to the public of the operation of pension fund investment through periodicals and/or websites.

 

 

Measures for Administration of the Levy of Income Tax on Non-tax-resident Enterprises by Assessment

Article 1:These Measures have been formulated pursuant to the PRC Enterprise Income Tax Law (the Enterprise Income Tax Law) and its Implementing Regulations and the PRC Law on the Administration of the Levy and Collection of Taxes (the Tax Collection Law) in

Foreign exchange settlement and sale---Denise Xia

As we all know, China has its policy on foreign exchange settlement and sale. Generally, the policy was divided to four parts, personal, trade of goods, trade of service, and capital fund. Hopefully the following brief policy introduction will help.

Personal Foreign exchange settlement and sale

Limited amount, USD50, 000 a year;

Deposited in foreign currency account, USD5, 000 a day;

Withdrawal from foreign currency account, USD10, 000 a day;

Transferred foreign cash to oversea account, USD10, 000 a day;

Transferred to oversea account through foreign currency account, USD50, 000 a day.

Trade of goods

Happy Thanksgiving----Shirley Pan

 Thanksgiving Day is a national holiday celebrated primarily in the United States and Canada as a day of giving thanks for the blessing of the harvest and of the preceding year.  Thanksgiving Day is really a harvest festival. This is why it is celebrated in late fall, after the crops are in.
Thanksgiving Day is a time for many people to give thanks for what they have.
In this special day, I’m so truly thankful for so many things, for I have been blessed in so numerous ways.
I’m thankful for my parents who invited me to access this world.Happy Thanksgiving.jpg
I’m thankful for my husband who articulates meaning of family.
I’m thankful for my child who explains indication of humanity.
I’m thankful for my friends who share happiness and sadness.
I’m thankful for all assistance from my boss and colleagues.
I’m thankful for the time I had with my loved ones that have gone on to be with.

Two small things in America---Shirley Pan

Recently Sylvester & Associate sent me to America for business training. This is the second time I step on the ground of California. I’ve ever been to Los Angeles 12 years ago, I also have been to more than 20 countries for travel, but below two small things still remain fresh in my memory.
 
The first one is “Disabled parking spot”. You can find it in each parking space. It’s so clear andimage (3)_0.JPG best location, reserved for the handicapped. A violator breaking the law if he was parking in those spots. Violators who are ticketed are subject to a $353 fine. Under the California Vehicle Code, drivers must display a disabled placard or disabled license plate to park in spaces designated for the disabled. 
 
The second one is Public Toilet (also called restroom). It can be found easily, completely free.

Make a free phone call through Wechat---Denise Xia

Wechat is a kind of free communication service application program published by Tencent Holdings Ltd in 2011. It allows sending text, pictures, voice message and video through network flow or Wifi. For it costs less compare to China Mobile’s charge or even free under Wifi, it is very popular with young people. And it also changed most of people’s life.

Now, after 3 years, Wechat Mico-phone book put into the market. It allows make a free phone call through network flow or Wifi. So, if you have wifi in your office or home, you can any wechat connected phone call as long as you want. Compare to the expensive of long distance phone call charge, will it change our life too? Will China Mobile take any action about it? Let us see.

 

The conditions any foreigners seeking employment in China shall meet

Promulgated jointly by the Ministry of Labour, Ministry of public Security, Ministry of Foreign Affairs and the Ministry of Foreign Trade and Economic Cooperation of the PRC on 22 January 1996:

Any foreigners seeking employment in China shall meet the following conditions:

(1) 18 years of age or older and in good health;

(2) with professional skills and job experience required for the work of intended employment;

(3) with no criminal record;

(4) a clearly-defined employer;

(5) with valid passport other international travel document in lieu of the passport( the "travel document").

 

Special Preferential Tax Policies in Qianhai Shenzhen-Hongkong Modern Service Industry Cooperation Zone ——Annie Lyu

 A young man just had a job in Qianhai, Nanshan District in Shenzhen couple of days before, and found there were construction works everywhere. He was told that the headquarter of the company he was employed will move in Qianhai in a very short time. Not only his company, many companies may have the thought to move in Qianhai area, due to a Special Preferential Tax Policies there. Let's take a look at the policy.

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