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ADVERTORIAL
ISSUE 2
Asia Briefing from Dezan Shira & Associates
Hong Kong serves as a gateway to the Chinese Mainland and Asia. Hong Kong’s business-friendly environment, low taxes, rule of law, free economy, independent judiciary, modern infrastructure, I&T capabilities, and robust intellectual property protection make it an appealing prospect for business investment and expansion. An Introduction to Doing Business in Hong Kong 2024 is available for download through the Asia Briefing Publication Store here . China’s New Company Law will see companies, shareholders and creditors facing new tax implications. Before committing capital to a new company, deciding the contribution form, deciding to buy or sell the equity in a company, or planning to reduce capital to make up losses, companies and individual investors should carefully consider the corresponding tax implications and adopt a cautious yet proactive approach for tax planning and financial strategy development. Learn more about the law and its potential impact on businesses here .
On May 23, 2024, the National Information Security Standardization Technical Committee (NISSTC) released new draft regulations titled Cybersecurity Technology – Basic Security Requirements for Generative Artificial Intelligence (AI) Service . The draft, open for public comments until July 22, 2024, outlines several security measures for generative AI services , covering key areas such as securing training data, protecting AI models, and implementing overall security protocols. It also provides guidelines for conducting security assessments. Learn more from Dezan Shira’s China Briefing here .
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