top of page
tim-marshall-EFTB4fZOt0Q-unsplash_edited.jpg
Wechat Title Banner (12).png

Uncover the insights from a business outlook survey of 60 New Zealand companies operating in China in this comprehensive report report. Discover the current business outlook, market opportunities, challenges, investment prospects, HR considerations, and the impact of the bilateral relationship on decision-making for New Zealand businesses.

Kiwi Drinks PPT (23).png

NZBRiC Q2 Industry Report

NZBRiC's Q2 Industry Report features valuable insights into China-specific industries from NZBRiC member companies operating in the region. This edition includes insights into: 

- China's Economy 

- China's Property Sector

- Consumer Insights and Spending 

- China Company Law Changes

- Sustainable Food Production in China

- New Zealand Dairy Exports to China and China's Dairy Consumption

- China's Film Market and Industry Trends

- Insights into China's Petfood Consumption 

Kiwi Drinks PPT (22).png

UMS Tourism Marketing Playbook

📢 Calling all touris, brands – we are ready for take-off! ✈️ Our latest UMS Tourism Marketing Playbook for 2024 has just launched!

Take a deep dive into the recovery of Chinese outbound travel, discover new trends, and learn strategies to effectively engage Chinese tourists.

From understanding evolving demographics to leveraging key digital platforms like Xiaohongshu (RED), Douyin, and WeChat, this playbook is packed with insights to help brands navigate the dynamic landscape of tourism marketing in China.

Kiwi Drinks PPT (19).png

NZBRiC Q1 Industry Report

Thank you to our raffle sponsors (34).png

Based on a survey of 51 New Zealand companies in China, this report covers:

 

- New Zealand companies' outlook and business confidence

- The opportunities in market New Zealand companies are focusing on

- The challenges that New Zealand companies are navigating

- How New Zealand companies have recovered since Covid-19

- How New Zealand companies are investing in their China-based people 

- How the bilateral relationship impacts New Zealand businesses' decision making

NZBRiC's Q1 Industry Report features valuable insights into China-specific industries from NZBRiC member companies operating in the region. This edition includes insights into: 

- Chinese economy 

- Dairy

- Consumer Insights and Spending 

- China Trademark Insights 

- Meat

- China's Film Industry 

- Fruit

- Petfood 

floriane-vita-FyD3OWBuXnY-unsplash.jpg

Insights: Company Changes in China

NZBRiC and Sparks Partners are partnering together to bring you the key updates to the Company Law in China which will come into effect on 1 July, 2024. These updates are relevant to all the companies whether your company has a long-standing presence in China, is a recent entrant, or is in the process of establishing a legal entity. The key changes involved are; changes to the due date for capital contributions, changes to the supervisor and supervisory board, increase responsibilities to shareholders, directors and company officers (including shadow shareholders and directors who exercise real control). Here are the key highlights of the upcoming amendments (this is not an exhaustive list):

  1. Capital Contribution Period: The maximum duration for capital contributions has shifted from a pledge system to five years. Companies must assess their circumstances when deciding on amount of capital injections, reductions, or deregistrations.

  2. Shareholder Responsibilities: Failure to timely pay registered capital may result in the forfeiture of shareholder rights. Directors now bear the responsibility of enforcing capital contributions if shareholders default.

  3. Debt Repayment: In cases of debt default, companies or creditors can demand advance contributions from shareholders with outstanding capital payments, meaning an earlier crystallization of shareholders liabilities.

  4. Audit Committees: Limited liability companies can form audit committees comprising directors and remove the role of supervisors. Small-scale entities may opt out of having supervisors with unanimous shareholder consent.

  5. Role Changes: The position of "executive director" will be eliminated. The legal representative will have the dual role as a director or manager, with resigning from one role considered resignation from all.

  6. Duty of Loyalty and Diligence: Clearer guidelines have been established for the loyalty and diligence expected from Directors, Supervisors, and Senior Management.

  7. Restrictions and Liabilities: Stricter regulations on voting rights, conflicts of interest, and non-compete clauses apply to directors, senior management, and even supervisors. Personal liabilities have been expanded to cover losses resulting from associated party transactions.

  8. Governance: The importance of managing the powers of company directors and managers through delegation and the company's articles of association.

Stay ahead of the curve by delving into the full article detailing these law changes. Click here for more comprehensive insights.

bottom of page