The European Union Chamber of Commerce in China is delighted to invite you to the seminar “More Flexibility for FIE Offshore Lending and Profit Remittance: Changes brought by SAFE Circular 2” on Thursday, 3rd April2014 at Conrad Hotel, Beijing. 

Partners Zheng Yu (Gide Loyrette Nouel) and Tracy Zhang (KPMG) will brief attendees on the implications of State Administration of Foreign Exchange (SAFE) Circular 2 (in effect in February 2014) that further simplify foreign exchange procedures and regulations for Foreign Direct Investment in China. 

Zheng Yu, Partner at Gide Loyrette Nouel will cover:
• Overview of Circular 2
• The important changes brought by Circular 2 on FIE offshore lending, analysis of the different regimes governing FIE offshore lending in foreign exchange and RMB, and the related pilot projects on cross-border cash pooling in foreign exchange and RMB 
• The important changes brought by Circular 2 on profit remittance by FIEs

Tracy Zhang, Tax Partner at KPMG will cover:
•  PRC tax implications of overseas lending by PRC enterprises
•  PRC tax updates in relation on funds repatriation
   - Recent update on double tax treaties
   - New tax clearance procedures for certain outbound remittances and reality check 

Agenda

15:00 – 15:30 Registration & Coffee & Networking
15:30 – 16:00 Presentation by Zheng Yu, Partner at Gide Loyrette Nouel 
16:00 – 16:30 Presentation by Tracy Zhang, Tax Partner at KPMG 
16:30 – 17:30 Q & A Session
17:30 End of the Event

Speakers

Zheng Yu Partner - Gide Loyrette Nouel Beijing
Zheng Yu is a partner and member of the Chinese Bar. With more than a decade of experience, his practice mainly focuses on foreign direct investments, M&A, joint ventures, corporate restructuring, as well as Chinese outbound investment. Zheng Yu also has significant experience in dispute settlement and arbitration, and real estate. Zheng Yu is currently recommended in real estate and dispute resolution in The Asia Pacific Legal 500.

Tracy Zhang, Tax Partner, KPMG Beijing, China
Tracy joined KPMG Beijing office in 1996. Tracy is a PRC regulatory and tax expert on China investment related issues. Since 2004, she has been functioning as one of the leaders of the Financial Service tax team in KPMG Beijing, looking after domestic and foreign financial service, private equity and real estate clients. Tracy has comprehensive experience in assisting Chinese companies restructuring their operations in a tax efficient way for onshore and offshore IPO purpose.

Location

Contact