European Union Chamber of Commerce in China
Automotive, Consumer Finance and Non-Banking Financial Institutions, Energy, Finance and Taxation, Insurance, and Investment Working Groups and Carbon Market Sub-working Group
Online and Onsite Working Group Meeting “Effective Cash Repatriation from China”
Date: Friday, 5th June, 2020
Time: 10:30am-11:30am (GMT+8, China time)
Venue: Zoom (线上活动) | Beijing Office, Beijing Lufthansa Center, Office C405, No. 50 Liangmaqiao Road, Chaoyang District, Beijing, 100125 (北京市朝阳区亮马桥路五十号，燕莎中心写字楼C405室) | Shanghai Office, Unit 2204, Shui On Plaza, 333 Middle Huaihai Road, Huangpu District, Shanghai, 200021 (上海市淮海中路333号，瑞安广场2204室)
Register here or email Benedetta Borri at bborri@europeanchamber.com.cn before June 4th, noon.
Please indicate whether you are joining remotely or in-person (Beijing office or Shanghai office) in your RSVP. Due to social distancing measures, in-person attendance is limited to 15 people per European Chamber office. Attendees are required to wear masks.
For the members wishing to attend remotely, please note that you will receive a confirmation email containing the link to join the meeting via Zoom after registration closes on the 4th.
Dear Working Group members,
The Finance & Taxation Working Group is pleased to invite you to the meeting “Effective Cash Repatriation from China”, which is taking place on Friday, 5th June, 10:30am-11:30am, both online (via Zoom) and onsite at the European Chamber’s premises (Beijing and Shanghai offices).
The COVID-19 pandemic has brought unprecedented challenges to millions of enterprises worldwide. For Multinational Corporations (MNCs), the global shortfall in cash caused by the spread of the disease constitutes a major financial challenge. With companies in China gradually resuming operations, MNCs’ head offices may seek support from their Mainland subsidiaries to preserve cash liquidity and drive business sustainability. Developing a workable solution to repatriate cash out of China is therefore of vital importance in the current context.
At this meeting, Ricky Xue, Partner at PwC China, China Tax and Business Advisory, will share an overview of the primary tactics for cash repatriation and workable, China-focused solutions from foreign exchange, tax, and commercial perspectives. Specifically, Ricky Xue will discuss traditional as well as novel repatriation methods, combining a technical interpretation of the regulations in place with a practical case-study sharing to guide members through the whole cash repatriation process, from strategy to execution.
Agenda
10:30-10:35 Opening Remarks and Introduction
10:35-11:15 Presentation by Ricky Xue, Partner, China Tax and Business Advisory, PwC China
11:15-11:30 Q&A and Closing Remarks
We look forward to having you join us for this meeting. Click here to register or contact Benedetta Borri at bborri@europeanchamber.com.cn by June 4th, noon.
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For more information on the F&T WG or the European Chamber, please do not hesitate to contact Ms. Benedetta Borri at bborri@europeanchamber.com.cn in Shanghai, Mr. Tom Groot Haar at tgroothaar@europeanchamber.com.cn in Beijing and Mr. Peter Drucker at pdrucker@europeanchamber.com.cn in South China or visit our website.
