European Union Chamber of Commerce in China

Finance and Taxation and Banking and Securities Working Group

[Online and Onsite Working Group Meeting] “How to Stop Worrying About Cash-Flow”

Date: Tuesday, September 28^th

Time: 4:00pm-5:00pm (GMT+8, China time)

Venue: Zoom (线上活动) | 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 before September 27^th, noon. Online participants will receive a confirmation email with the Zoom link after registration closes on the 27^th.

Dear Members,

The Finance & Taxation Working Group would like to repropose a well-received topic that we discussed back in 2020. We are pleased to invite you to the meeting “How to Stop Worrying About Cash-Flow”, which is taking place on September, 28^th, 16:00-17:00, on Zoom and at the Shanghai office of the European Chamber.

Amid the COVID-19 pandemic and global economic uncertainty, businesses in China have faced exceptional difficulties in keeping their operations going while looking for solutions to their financial woes. At this meeting, Russell Brown OBE, Managing Partner of LehmanBrown International Accountants, will discuss how companies, regardless of size, can manage their finances to outlive crises and avoid short-term cuts or ill-informed strategies.

The presentation will look into all aspects of cash-flow management, from the procedures necessary for making a forecast to the proper administration of a business balance sheet. By the end of the meeting, participants will have learnt about:

• Cash-flow Trends
• Essential Procedures for Effective Cash-flow Forecasting
• Avoiding Inaccurate Forecasting
• Managing the Balance Sheet
• Shrinking Business Expenditures
• Proper Management of Receivables
• Tightening or Downsizing and Government Assistance

Agenda

• Opening Remarks and Introduction by Alexander Prautzch, Vice Chair, Finance and Taxation Working Group
• Presentation by Russell Brown OBE, Managing Partner, LehmanBrown International Accountants
• Q&A
• Closing Remarks by Alexander Prautzch, Vice Chair, Finance and Taxation Working Group

We look forward to having you join us for this meeting, don’t forget to sign up before September 27^th, noon.

Speakers

Mr. Russell Brown OBE

Founder and Managing Partner, LehmanBrown International Accountants

Mr. Russell Brown OBE

Founder and Managing Partner, LehmanBrown International Accountants

View speaker details

Mr. Russell Brown OBE is Founder and Managing Partner of LehmanBrown International Accountants, a China-focused accounting, taxation and business advisory firm with operations in Beijing, Hong Kong and five other offices across China employing around 200 professionals. Russell has over 35 years working experience including 26 years living in China and involved establishing and developing businesses in China. Prior to founding LehmanBrown Russell was Global CFO of one of the world’s largest public relations and communications consulting companies and prior to this their Asia Pacific Regional CFO.

He currently acts as advisor to international companies entering the China market and to Chinese companies venturing abroad. He has advised in a wide range of industries and business situations in China and Hong Kong. He is also a frequent speaker at conferences and seminars on taxation, accounting and doing business in and with China. Russell gained a BA (Hons) in Business Studies from Bournemouth University, is a Fellow of the Chartered Institute of Management Accountants (CIMA) in the UK and a Fellow of the Institute of Chartered Accountants of England and Wales.

He is also a Certified Global Management Accountant. He is currently Treasurer of the British Chamber of Commerce in China and Treasurer of the Australian Chamber of Commerce in China. He has previously held various positions including Chair and Vice Chair of the British Chamber of Commerce in China, Vice Chair of the China-Britain Business Council (CBBC), Chair and Director of the Asia Transformation and Turnaround Association. He is also an Honorary Member of The 48 Group Club. Russell was awarded an OBE (Officer of the Order of the British Empire) for services to British Business and the British Community in China in Queen’s Birthday Honours in June 2015.

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