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A few companies in Mainland China might have been unable to operate normally, or even turned into bankruptcy due to the recent Covid-19 pandemic. Yet, crises can turn into new opportunities - we believe that new investment opportunities will inevitably emerge after the pandemic. Today, the Covid-19 situation is further improved, the Chinese Government State Council has adopted a range of fiscal and financial policies to stabilize industrial and supply chains, boost consumption and investment, and ensure energy security to gear the post-pandemic economic recovery. How can the Hong Kong business community make profit in the China's economy while reducing the risk of bad debts?

In this seminar, the speakers will explore the issues of business operation in China, they will tell participants how to choose China business partners, how to remit profit from China, and talk about the related tax issues. Speakers will also share their collection experience as well as the Bad Debt Collection Index and the big data on China enterprises' payment capabilities, provide participants with useful strategies to prevent accounts receivable crises.

Outline:
Part I: Accounts Receivable Risk
1. "Bad Debt Collection Rate Index" of China major industries
2. IQOR RMS big data analyzes the payment capabilities and trends of China enterprises
3. Status of accounts receivable in arrears of China enterprises
4. How to make the most recent accounts receivable recover on time without affecting the old accounts receivable
5. How to know the latest operational risks of China partners thoroughly
6. How to create the accounts receivable recovery process under the pandemic

Part II: Tax Risk
7. The company structure of your China business partner
8. Profit repatriation from China
9. Ways of cooperation with business partners in China
10. Importance of Hong Kong tax resident company

Coronavirus Containment Measure:
- To prevent the spread of Covid-19, we kindly ask that all event participants wear a mask when attending the event.
- Attendees, who feel unwell are advised against in-person attendance at the Chamber. If attendees are required to undergo compulsory testing, please kindly bring along a negative PCR or RAT test result when attending physically.
- To prevent the spread of Covid-19, food and beverages will not be provided during the event.
- All visitors must scan the "LeaveHomeSafe" QR code at the entrance and undergo body temperature checks.

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.

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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.

Henry Kwong, Tax Partner ‒ Cheng & Cheng Taxation Services Ltd

Henry Kwong started his first career in the corporate tax department of a big 4 accounting firm. As a Tax Partner in Cheng & Cheng, Henry and his team are expertise in taxation of Greater China and international, as well as the area of transfer pricing, providing clients with comprehensive tax planning solutions. Henry is regular speaker at various professional associations including Hong Kong Institute of Certified Public Accountants, Taxation Institute of Hong Kong, Hong Kong Chartered Governance Institute, Society of Chinese Accountants and Auditors. He is also a contributor of tax articles on various media and magazines, including Capital magazine, A Plus magazine (journal of HKICPA), CGj magazine (journal of HKCGI), Yahoo Finance, etc.

Language

Cantonese

Date and Time

2022/08/18 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.

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