In the global fight against money laundering and the financing of terrorist activities, governments worldwide are adopting more stringent measures to enhance transparency and companies’ financial internal control.

Launched in March 2024, the New Capital Investment Entrant Scheme (New CIES) represents a strategic initiative by the Hong Kong government to attract foreign investment and foster its position as a global financial hub.

Tax filing for outbound payments is a critical regulatory requirement in China for high-value international transactions, overseen by the State Taxation Administration (STA) and the State Administration of Foreign Exchange (SAFE).