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Global economy is suffering unprecedented impacts from the escalating international trade tensions and the coronavirus pandemic outbreak, and enterprises of all sizes have been struggling for several months under this "storm". With the pandemic situation gradually easing, countries are finding ways to resume their normal economic activities. In this unprecedented business environment, proper credit analysis and financial management to avoid bad debts and achieve profit gains is a major concern for small and medium-sized enterprises.

In fact, even disregarding the impact of the pandemic outbreak, the repayment ability of businesses across various industries in some traditional industrialized countries, including China, the United States, Germany and Italy, has been declining year after year, according to iQor RMS Collectability Index which classifies the successful bad debt collection rate of different industries/countries and showcases the debt collection performance and trends. Within 17 major industries, almost 70% of the debtor companies can only repay 30% of the delinquent debt payment due to different reasons. The decline in debt collection performance is getting worse in recent years. This seminar will explore strategies on default risk warning and debt recovery management for international trades, by integrating risks forecasts and market researches, through the application of iQor RMS Big Data Analytics and global debt collection experiences.

Content of seminar:
1. iQor RMS Collectability Index of 17 major industries around the world
2. iQor RMS Big Data Analytics of global debt collectability and trends
3. How to get a more thorough grasp on the operational risks of business partners before and during business cooperation
4. Things to be aware of in the receivable cycle
5. How to set up a receivable management framework and identify danger signals during collection process
6. Effective debt recovery processes, practices and techniques

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, 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, Chan and his team have managed portfolios exceeding billions of US dollars. He is a popular speaker and has conducted over a thousand seminars in Greater China.
Language Cantonese
Date and Time 2020/07/17 15:00 to 17:30
Venue This event will take place online via Zoom
Media Closed to media
Enquiries Cathy Chan
Tel: 28231282
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 - Details about how to join the webinar will be sent by e-mail. Zoom is available on both desktop and mobile devices.
- 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.

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