【Movements】"The Belt and Road"- The Salon of Cross-Border Financing of Enterprises Has Been Successfully Held
With the implement of the strategy of “Go Global ” and “The Belt and Road” Initiative, enterprises are facing the new opportunities for going global. "The Belt and Road"- The Salon of Cross-Border Financing of Enterprises has been successfully and jointly held by Shenzhen Foreign Economic Trade and Investment Development Promotion Association and Associate - Zhonglun W&d Law Firm( Qianhai) in the afternoon of 12th July, 2017 in 19F, Times Finance Centre, Shenzhen city.
In particular, Huangyun, the director of the Bank of China(Qianhai Branch), Brian Ah Chuen, Executive Director of the National Bank of Mauritius, and Mr. Lu Leqiao, Partner of Hong Kong Hu Baiquan Lawyers were invited as guest speakers, and Cheng Haiqun, from Associate- Zhonglun W&d Law Firm( Qianhai) was also invited as the host. The three speakers and more than 40 representatives from Shenzhen enterprises discussed about the topic of “Leverage the Advantage of Cross Border Financing Business”, “Two-way Cross-Border RMB Cash Pooling Business&Centralized Operation and Management of Foreign Currencies” and “The Notes of Cross-Border Financing and Going Global”.
First of all, our secretary-general Jiang Hongyue gave the welcome speech, showing the warm welcome and heartfelt thanks for the guests who took their time to participate the activity. “ The Belt and Road” Initiative proposed by the Chinese government is committed to maintaining free trade system and the open world economy, promoting economic policy coordination of the countries along the Silk Road to pursue a deeper regional cooperation with broader scope and higher level, jointly creating an open, inclusive, balanced, and benefited regional economic cooperation structure. Since “The Belt and Road” Initiative has been put forward, the international community has been widely supported and actively participated.
Shenzhen Foreign Economic Trade and Investment Development Promotion Association is following the tide of the world economic and trade development, actively responding to “The Belt and Road” Initiative, promoting and organizing enterprises in Shenzhen to go global, providing the support and services for Shenzhen enterprises to expand overseas market to play its active role in exploring the areas of Shenzhen's foreign trade and economic cooperation, innovating the means of foreign trade, optimizing trade structure, discovering new trade growth points, promoting trade balance, establishing and improving healthy and sustainable development of foreign trade and investment promotion system and setting the new model of international capacity cooperation and Industrial transformation and upgrading. He also said that Shenzhen Foreign Economic Trade and Investment Development Promotion Association is committed to serving as a link and bridge between domestic and foreign government departments, business and academic circles, actively building high-level public service platform for Shenzhen enterprises to go global. In the future, we will organize more activities, hoping you can actively participate in its development!
Subsequently, Huangyun, the director of the Bank of China(Qianhai Branch) made a detailed analysis on the two-way cross-border RMB cash pooling business and foreign currency centralized operations management business and explanation of a series of the latest cross-border financing and corresponding regulatory policies.
President Brian Ah Chuen introduced the basic situation of Mauritius's national economic development and the National Bank of Mauritius and shared the issue of how to set up an offshore company in Mauritius. Mauritius is not only an important country along the “Maritime Silk Road”, but also the gateway for Chinese enterprises to invest in Southeast Africa -a great place for Chinese companies to set up headquarters in Africa.
The lawyer Lu Leqiao analyzed the policy, structure and process of overseas loan under domestic guarantee and made a wonderful explanation by combing the example of China's cross-border financing and "going global" and overseas mergers and acquisitions and other issues.
With lively atmosphere in the interactive session, the participants and guests discussed about the issues of the "how do enterprises know about the local laws and regulations in the process of investment and financing”, "how to invest in foreign funds," " the preferential policies that the enterprises can enjoy outbound and application notes and current situation of cross-border RMB loans.
The Salon attracted more than 40 units representatives to participate, for instance, from Consulate general of Belgium in Guangzhou, the Shenzhen Stock Exchange, the Business Unit of Cross-Border E-Commerce of Qianhai Authority, Shenzhen Creative Investment Group Co., Ltd., TopoScend Capital, Guangdong Bazhong Communication Technology Co., Ltd., Shenzhen Van Gogh Electronic Technology Co., Ltd., NEO Capital, Koradior, High-tech Investment Group, Tongdow Group, ChuCheng investment management co., Postal Savings Bank of China(Qianhai Branch), Shenzhen Yinshang Network Technology Co., Ltd, Victor Liu & Associates, Shenzhen Harmony Investment Funds Co., Ltd, Tahota Law Firm, Common sense technology Ltd, China Commercial Law Firm, China Minsheng Bank, Shenzhen Chip Optech Co., Ltd, LUCKSHAW SMART, GUZON CAPITAL, RITAR INTERNATIONAL GROUP LIMITED, Jiangsu Bank( Shenzhen Branch), China Investment Securities, Shenzhen Heng Futai Technology Development Co., Ltd, Shenzhen Lefan Information Technology Co., Ltd, Asian Equity Exchange, Qian Haihui Co., Ltd, and Shenzhen Bohai Hongye Consultation Services Co., Ltd.
In the construction of “The Belt and Road” , every step can not be separated from financial support, no matter the interconnection of infrastructure or the deepening of economic and trade cooperation. Cross-border financing is a very important step while helping enterprises to go global. We hope Shenzhen enterprises can take the initiative to prevent and control risks in the process of cross-border financing to better grasp opportunity existed in the risk to actively respond any venture.