With the tremendous and continuous growth of China market opportunities, businesses in Hong Kong are looking to expand into China.
To help Hong Kong enterprises capture these business opportunities, a "Dedicated Fund on Branding, Upgrading and Domestics Sales" (BUD Fund) was first launched in 2012 to provide funding support for non-listed Hong Kong enterprises to undertake projects to develop brands, upgrade and restructure their business operations and promote sales in Mainland China. In the Hong Kong Budget 2021-22 released in February 2021, the BUD Fund's geographical coverage has been increased to a total of 37 countries.
On the other side, China is further opening up its market and boosting inbound foreign direct investment with the implementations of the Foreign Investment Law (FIL). The FIL, which came into effect on January 1, 2020, can be seen as a new guiding document governing foreign investment in China. The law replaced three previous versions of laws governing foreign businesses and their investments in China. It also identifies key industries in which China encourages investment with relaxed policies.
In the first part of the webinar, speakers Francesco Montonati and Sebastian Hoffmann from Hawksford will share insights on the application process of BUD Fund and how they have already helped many clients to successfully apply for the fund to boost their business. In the second part, Dr. Dominic Köstner, partner in the Shanghai office of the German law firm GvW Graf von Westphalen, will share experiences and insights from his legal practice on foreigndirect investments in mainland China giving useful advice on how to best approach the investment project and how to manage related risks and avoid pitfalls.
Hawksford provides a complete suite of services that span all aspects of setup and ongoing company administration. Bringing more than 10 years' experience, Hawksford facilitates businesses worldwide to tap into the Asian emerging markets by ensuring comprehensively that statutory and regulatory compliance of the companies are met. They have helped companies in a wide range of industries from manufacturing, retail, tech, innovation, trade and luxury fashion. With 200 staff across Asia and 450 globally, based in different offices, our people are experienced, highly qualified and multi-lingual covering over 20 nationalities and 22 languages.
About GvW Graf von Westphalen
GvW Graf von Westphalen is a partnership of lawyers and tax advisors with 160 legal professionals. With domestic offices in Berlin, Düsseldorf, Frankfurt am Main, Hamburg, Munich and Stuttgart, the firm is one of Germany's largest independent law firms. Globally GvW Graf von Westphalen is providing advice to clients from offices in Istanbul, Shanghai and Brussels as well as through their membership in several highly respected global networks.
Registration Deadline: Tuesday, 11 May 2021
"Member Ticket" is applicable to registered chamber representative(s) only. For the colleagues/employees from the member companies, select "Corporate Member Colleague's Ticket" to enjoy the member's rate for event registration.
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