A CBBC Outbound Seminar focusing on best practice and case studies under the current capital control policy was held in Beijing on 30th August. It is the second event in a series of China Outbound Seminars following the first one on the 26th of July in Shanghai. Nearly 60 delegates from leading local Chinese investors attended the seminar. Speakers from Deheng Law Firm and Bank of Shanghai Beijing Branch shared their proposed solutions through recent case studies.
The seminar was hosted by Weifeng Ma, Director of China Outbound at CBBC. Weifeng Ma also introduced CBBC’s China Outbound Programme and the 5th China Outbound Conference which will take place in Shenzhen on 29th and 30th of November this year.
In this interactive seminar, Mr Chen Wei, Managing Partner and Head of the Cross-Border Transactions Practice and Ms Dong Jie Dong, Associate in the Cross-Border Transactions Practice, DeHeng Law Offices introduced the latest capital control policy and its effect on Chinese outbound investment. They then talked about the procedures and documentation needed for getting approval for capital to be transferred overseas. Through the cases that they have been involved in, it showcased the capital outflow solutions and transaction structures that are now in place.
Mr Guo Jiqiang, General Manager, of International Banking Department, Bank of Shanghai Beijing Branch introduced his bank’s offerings in cross border financing solutions. As a leading local commercial bank in Shanghai, the Bank of Shanghai has helped many clients in cross border transactions through its innovative products.
During the question and answer session, Mr Chen, Mrs Dong and Mr Guo answered some specific questions raised by attendees. The seminar covered current topics and offered some very practical guides on dealing with cross border transaction. The China Outbound Series Seminar will be run in Wuhan, Shenzhen and Chengdu later this year.
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