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The anti-epidemic measures are being further relaxed, the Central Government and the HKSAR Government advocate the business community to look for business opportunities around the world for economic recovery. However, after having the Covid-19 situation lasted for three-year the international business is now facing unfavorable factors such as multinational trade wars and the Russia-Ukraine war; the global economic order has already been distorted. The challenge to find customers and the difficulty to collect relevant data of potential business partners also increase the risk on accounts receivable for many businesses. In addition, the ESG (environmental, social, and corporate governance) management concept also has strict requirements on debt risks monitoring. Hence, it is important for businesses to monitor global bad debt risks precisely.

In this seminar, speaker will share the IQOR RMS's global recovery experience and its exclusive big data analysis from the perspective of the latest global economy in the world (including China, Britain, the United States, Japan, ASEAN, and the European Union), help participants to define the financial status of their target partners; hence, to monitor and reduce the bad debt risk effectively.

Outline:
1. RMS 2022 "Collectability Index" of 17 key industries in major countries
2. The current greatest risk element of accounts receivable recovery
3. Big data analysis of recent payment capabilities and trends of buyers in various countries
4. Identify the operational risks with customers and partners prior to cooperation
• Underlying Risk
• Moral Hazard
5. How to avoid loopholes in the establishment of credit model
• Sign a "good" contract
• Mandatory preliminary work
• Do's and Don'ts
6. How to set up credit terms and limits
7. Other efficient and cost-effective solutions

DISCLAIMER
Speakers' presentations at this event are intended for educational purposes only and do not replace independent professional judgment. Statements of fact and opinions expressed during this event are those of the speakers and participants and, unless expressly stated to the contrary, are not the opinion or position of the Hong Kong General Chamber of Commerce, its members, or its committees. The Chamber does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented. Attendees should note that, with the approval of speakers, this event may be recorded, and possibly published on the Chamber's website in audio and/or video formats without further notice.

Recording, duplication or distribution of the contents of the online event is prohibited without prior written permission from the Chamber.

Speaker(s)

Norris Chan, Senior Consultant ‒ Receivable Management Services (HK) Ltd

Norris Chan has over 30 years of hands-on experience in the debt collection industry. As a veteran debt receivable practitioner, Norris and his team have managed cross-border portfolios exceeding billions of US dollars in various industries including finance, telecommunication, and manufacturing. He is a popular speaker and has conducted over a thousand seminars in Greater China. His clients include Canton Trade Fair, ET Business College, HKU SPACE, etc.

Language

Cantonese

Date and Time

2023/03/24 15:00 to 17:30

Venue

Chamber Theatre, 22/F United Centre

Media

Closed to media

Enquiries

Cathy Chan
Tel: 2823 1282
Email: cathy@chamber.org.hk

Fee

Members @ HK$380 / Non-Members @ HK$770
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card

Notes

- Bookings are only confirmed upon receipt of payment, on a first come first served basis.
- Booking transfer is allowed for corporate members with advanced notice, walk-ins are normally not accepted.
- The Chamber reserves the right to decline any booking or cancel the event. In such case, a full refund of the participation fee will be issued.
- No refund will be made for last minute cancellations or no-shows. If the booking is cancelled at least 7 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- A $50 handling fee per person will be charged for all offline bookings (e.g. fax, e-mail, post) for all Chamber events. Go online today by downloading our app or registering on the HKGCC website to save the environment and money.
- Priority is given to corporate members. The decision to accept or decline any booking shall be at sole discretion of the Chamber.
- Participants agree to indemnify the Chamber and the hosting party all liabilities for property damage, physical injury or death in relation to this event. Participants are advised to take their own insurance against all risks.