Primasia Corporate Services Limited: January 2013

Tuesday, 29 January 2013

China Updates- Minimum wage & Trademark

The Beijing Municipal Human Resource and Social Security Bureau has increased the statutory minimum wage from 1 January 2013 to CNY8.05 and CNY1,400 respectively for hourly and monthly minimum

wages in Beijing.

Also in Beijing, and following similar comments from the Chinese Trademark Office, the Chinese judiciary has publicly acknowledged the problem of trademark squatting. In a press conference given by the Beijing People's Court, the Court reported on its study into "the cause, characteristic and judicial response to trademark squatting" and stated that the courts should aim to deter squatting in order to enhance IP protection in China. At the same time, the court delivered 6 judgments against trademark squatters.

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Primasia will post the updates of Hong Kong and China from time to time. Follow us on our Website/ Blogger/ LinkedIn and stay tunned for our updates!

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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email
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Follow us on:
Website: Primasia HK / Primasia China
LinkedIn: Primasia
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Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Monday, 28 January 2013

Hong Kong Updates- Minimum Wage

The Financial Action Task Force (FATF) has positively recognised the efforts made by Hong Kong in combating money laundering and resolved unanimously to remove Hong Kong from the follow up process in its Mutual Evaluation.

The Minimum Wage Commission's recommendation to adjust the Statutory Minimum Wage rate from HK$28 per hour to HK$30 per hour has been accepted and the new rate should take effect on 1 May 2013. The HK$11,500 monthly cap (above which it is not necessary to keep a written record of hours worked) will therefore increase to HK$12,300 per month.

Employers should take steps to adjust wages to comply with this change.

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Primasia will post the updates of Hong Kong and China from time to time. Follow us on our Website/ Blogger/ LinkedIn and stay tunned for our updates!

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