Author: HACOS

Tan Chao, a 34-year-old doctoral student in the history department of Yanbian University, has been questioned for sending couriers for 8 years. 

© Image | 腾讯新闻

Some teachers accused him of “highly educated people robbing rice bowl of the low-education people, and his brain is sick!”

The man, who did not listen to any persuasion, slammed back: This is to divide people through education, not to work hard! This is through the academic record to divide people into various grades and ranks, rather than efforts!

He also worked as…  

In fact, not only a courier but Tan Chao has also worked as

• Real estate agent,
• Security,
• Window cleaner,
• Junkman,
• And etc.

The original intention of working as a casual worker is for postgraduate study, and the family also persuaded Tan Chao to give up the postgraduate study to find a job, but he said, “If I listen to their advice, do I have to go this unusual way?”

© Image | 梨视频

800,000 Parcels in 8 Years

The reason why Tan Chao chose to be a courier, on the one hand, he fell into this job when he was a security guard; on the other hand, he was still in class, and it was impossible to find a full-time job. Just then, the degree of freedom of this job is relatively high.

© Image | 腾讯新闻

Gradually, Tan Chao invented his own way called “Express number method” to send parcels and the money he earned every month can support his family, so he has kept doing this job. During the eight years as a courier, he has sent 80 hundred thousand parcels, an average of 274 couriers can be delivered in a day.

© Image | 头条号

In the past 8 years, some teachers have accused Tan Chao: “highly educated people robbing rice bowl of the low-education people, and his brain is sick.”

Tan Chao does not agree with this statement: “This is to divide people through education, not to work hard! This is through the academic record to divide people into various grades and ranks, rather than efforts!”

© Image | 腾讯新闻

What I hate is his contemptuous look, his deep-rooted expression of class differentiation. No matter who is, no matter he is doing academics, sending a courier or performing crosstalk, as long as he can promote productivity development, he is a good doctor.”

© Image | 头条号

After studying for a doctoral degree, Tan Chao plans to go to college to apply for a job. “I think I should teach and educate people to make a small achievement in promoting the development of productivity. My academic theories can be spread to some extent.”

In recent years due to the rapid development of economy and trade, many entrepreneurs and businessmen have opened offshore accounts or set up overseas companies. 

© Image | Google

A lot of mainland businessmen flock to Hong Kong market, eager to gain a foothold expand their overseas markets. After all, the global market is so large and eye-attracting, they all want to have a share of it.

 

In Hong Kong, the number of bank accounts is close to saturation, and government regulation has increasingly strengthened, making it more and more difficult for Banks to open accounts

 

© Image | Google

 

At present, the problem of difficult account-opening also has a great impact on enterprises and individuals, especially those enterprises engaged in foreign exchange or foreign trade, which is extremely inconvenient. 

 

Without HK accounts, it will become difficult for enterprises and individuals to receive foreign currency and that may cause customer-loss in the process.

 

So, why it is getting harder to open HK accounts? Here are the reasons.

 

 

 1 

Strengthened regulations

 

International efforts to crack down on money laundering, fundraising, and tax evasion have led to increased regulation, shrinking Hong Kong bank accounts and tightening bank controls, which are also taking longer than previously complicated account opening procedures.

 

© Image | Google

 

The Hong Kong and mainland China officially joined the CRS exchange. The Hong Kong monetary authority required Banks to cooperate with the account regulation to avoid using offshore tax evasion and tax evasion, money laundering, and other phenomena, and the Banks would be severely fined by the CBRC if they failed to implement the supervision responsibility.

 

 

 2 

A rocket increase in account-opening

 

Opening a Hong Kong account and registering a Hong Kong company is the first step to open the overseas market. The more developed the world economy is, the more people need it. As the demand increases, the bank of Hong Kong will naturally tighten the opening policy to control the situation.

 

© Image | Google

 

Before 2015, the procedure of opening an account in Hong Kong was relatively simple, you only need to submit relevant materials then you can open an account. Fifteen years later, in response to anti-money laundering, the bank of Hong Kong raised the threshold, and many enterprises came to apply for Hong Kong accounts and returned empty-handed.

 

 

 3 

Low profit for banks

 

In previous years, the company did not have much demand for opening public accounts, so there emerged many “zombie households” which did not bring many benefits to the bank, while the cost of bank management for one account was high.

 

© Image | Google

 

Many small and medium-sized enterprises register Hong Kong companies or bank accounts to take advantage of the financial system of Hong Kong to receive and pay, so the bank for its own interests, when opening an account, will do a lot of checks on the customer’s business background and so on, strict screening of the customer.

 

 

 4 

Incomplete materials & improper company names

 

There are a lot of clients who fail to submit full required materials to the bank, and if like, the failure rate of opening an account is relatively low, but if you have millions of direct transfers, maybe the bank will give the account on the spot. The reality is so harsh like that.

 

In addition, the company name is not reasonable. If some big words are used, such as international, group, China, etc., relevant data shall be reviewed. For example, if a company use the word international, the company shall have office addresses in more than three countries, and if the company fail to provide three valid addresses the bank will refuse to open an account for it.

 

© Image | Google

 

There may also be other barriers, such as the fact that shareholders come from sensitive countries, such as sanctioned, war-torn countries will be rejected by Banks.

 

 

All the above-mentioned situations may become obstacles for you, which makes it difficult for Hong Kong Banks to open an account. Therefore, it is important to choose a professional and efficient agent company at this time. High-quality business service agencies will greatly improve your success rate of opening an account and use professional skills and conditions to save you unnecessary trouble. 

 

 

 

HACOS is a reliable agency which can offer you professional services in opening HK accounts, if you need HK bank account-opening services, please feel free to contact us!

We all know that the blue light that emits from our smartphones isn’t good for our eyes, but a new study has discovered just how much damage it can cause. Researchers say that this light is absorbed by vital molecules in our retina and triggers the production of a toxic chemical that kill cells. 

© Image | Baidu

 

This damage can lead to large blind spots in our vision that are the hallmark of macular degeneration, a disease that leads to blindness. The team from the University of Toledo in Ohio says it is urging the public to not use phones in the dark because this can dilate pupils and lead to even more harmful blue light entering our eyes.

 

© Image | Baidu

Age-related macular degeneration (AMD) is the leading cause of vision loss for those aged 50 or older, according to the National Eye Institute. The condition occurs when the macula, an oval area near the center of the retina that allows for sharp vision, becomes damaged. Sufferers will experience blurred vision or even ‘blind spots’ in their central vision that may grow larger as the retina dies.

© Image | Baidu

Treatments include medications that stop new blood vessels from forming in the eye as well as laser therapies that destroy abnormal blood vessels. For this study, the team decided to focus on retinal, a form of vitamin A found in the retina that coverts light into metabolic energy. Photoreceptor cells, known more commonly as rods and cones, use retinal to covert light into signals that are sent to the brain.

© Image | Baidu

“The human eye reflects UV light (such as from the sun) very well but it allows blue light to enter and the retinal can absorb blue light very well,“ lead author Dr Ajith Karunarathne, an assistant professor in the UT department of chemistry and biochemistry, told Daily Mail Online.

Dr Karunarathne noted that blue light alone or retinal that hadn’t absorbed blue light did not have any effect on the cells. He added that there was no activity when retinal was exposed to other light colors such as green, red or yellow. The team did find a molecule, a vitamin E derivative known as alpha tocopherol, that can stop the cells from dying.

“When you damage the photoreceptor cells, they’re damaged for good, so the vitamin E derivative currently just mitigates damage,“ said Dr Karunarathne.

“We’re currently screening for more molecules to see if they can quench this damaging reaction.

He explained that as we get older, the ability to prevent attacks from retinal that has absorbed blue light became weaker, which leads to macular degeneration.

© Image | Baidu

Dr Karunarathne says some of the ways we can protect ourselves include wearing sunglasses that can filter both UV and blue light, using blue light filters on our phones, and not looking at cell phones or tablets in the dark.

“Looking at cell phones in the dark can be very harmful because the pupils are dilated so more blue light can get in and cause damage,“ he said.

 

1

Breaking! A Share Space Barge Hit the Dock and Caused Serious Delay

 On November 3, the X-press BRAHMAPUTRA, a share space barge serving the Colombo and Indian routes, collided violently with the terminal as it left the Port of NEW MANGALORE, India. The accident caused the container ship to hit the port side stern several meters long crack, and has been caused a very serious delay.

© Image | 搜航网

As many as 13 internationally renowned shipping companies, including Maersk, cma-cgm, hapag-lloyd, APL, OOCL, PIL and Zim, have been involved in the accident.

© Image | 搜航网

2

APL Launches Two More Asian Sea Routes

 On October 4th, APL announced two new Asian routes: Asia Subcontinent Express 6 (AS6) and Asia Subcontinent Express 7 (AS7). It covers the larger Asian market from China to southeast Asia and the Indian subcontinent, and provides customers with competitive transport time, which greatly facilitates the communication between India and China.

© Image | 搜航网

With the launch of AS6 and AS7, APL will stop running Asia Subcontinent Express 3 (AS3) and Asia Subcontinent Express 5 (AS5) routes.

© Image | 搜航网

 

3

Turkish Customs Releases News on Entry & Transhipment

 Turkish customs has recently imposed new requirements on all incoming or transhipment cargo and will strictly enforce them. For goods to be unloaded at Turkish ports, including goods imported from Turkey and transhipped via Turkey, H.S. code and commodity instructions are mandatory, as is the VAT number of the consignee and notifier. 

© Image | Google

The shipping company has issued a notice that the shipping company shall not be liable for any delay or extra charges or demurrage in the delivery/transshipment of the goods if the customs declaration is caused by incorrect cargo information provided by the customer. 

Q & A on Customs Hot Issues

Q1:

My company has its own trademark, but it has not been filed in the customs. Recently, we learned that a batch of goods that infringe our company’s trademark right are about to be exported. May I ask whether our company can apply to the customs to detain the goods?

A1:

Where the holder of the intellectual property right requests the customs to detain the suspected infringing goods, he shall also submit to the customs evidence sufficient to prove the obvious existence of the infringing facts. The evidence submitted by the holder of the intellectual property right shall be able to prove the following facts:

© Image | Google

1) Goods detained by customs are about to be imported or exported.

2) The trademark logo, work or patent which infringes upon the exclusive right to use the trademark on the goods without permission has been used.

Q2:

When the company collects the tax, it finds that there is overdue tax on the previous business, but the business transaction is pressed for time. Can the company use other guarantees to operate the business first?

 A2:

Where an enterprise fails to pay taxes for handling consolidated taxation, after the customs initiates a claim for guarantee with a guarantee institution, the corresponding guarantee shall terminate if the enterprise continues to handle consolidated taxation, other guarantees shall be used.

© Image | Google

Q3:

The company wants to import a batch of engines, in the domestic processing production machine. However, the customs needs to provide the actual transaction price of the goods at the time of customs declaration. How to determine the actual transaction price?

A3:

The customs value of the imported goods shall be determined on the basis of the transaction price specified by the customs and the transportation and related expenses and insurance fees before the goods arrive at the place of importation within the territory of China.

© Image | Google

The transaction value of the imported goods refers to the total amount of the price after adjustment according to relevant regulations, including the price paid directly and the price paid indirectly, which is actually paid and payable by the buyer for the import of the goods when the seller sells the goods to China.