Understanding & Managing Risks in China
Entering any new market is difficult, but doubly so when faced with different cultural norms, practices and legal system. Ashfords, Old Mill, China-Britain Business Council and Santander, together with Russell Brown from China based accountants LehmanBrown, are hosting a morning seminar to both demystify the Chinese market and to explain how to mitigate the risks.
9.10am: Macroeconomic Update – Jonathan Smith, CBBC SW
There has been much in the press recently around slowing growth. Less well reported are the steps being taken by the Beijing government to promote business.
9.40am: Managing Operational Risk – Russell Brown OBE, LehmanBrown
What is the current business environment like on the ground? How are UK businesses operating in China managing the cross-border risks, the operational challenges and local rules?
10.40am: Foreign Exchange – Julie Ounsworth, Santander Bank
The Yuan is pegged against the US dollar and recent announcements from Beijing say that isn’t going to change. As a UK company, trade with China is probably denominated in dollar so foreign exchange risk still needs managing.
11.20am: Crossing a Border needs Planning – Elaine Kinsella, Old Mill
Quite apart from dealing with the local tax regime, cross-border trading has implications for UK taxation. The choice of structure and modus operandi can materially alter the tax position.
12.00 pm: Content of Contracts with China – Tom Phipps, Ashfords
The jurisdiction which governs your contracts will affect the resolution should something go wrong. Likewise, the intellectual property regimes differ and care must be taken to secure your rights in both territories.
A buffet lunch will be served at 1.00pm.
To register, please contact firstname.lastname@example.org