AllBright Qingdao Office Co-hosts Foreign Exchange Seminar2014-06-122060
On June 6, 2014, AllBright’s Qingdao office and the Qingdao branch of SPD Bank co-hosted the Cross-border Guarantee Foreign Exchange Policy, Foreign Exchange Derivatives, and Cross-border Trade Seminar at the AllBright Qingdao office.
AllBright Qingdao office partner and All China Lawyers Association Finance & Securities Committee member Wang Rui presided over the seminar. AllBright Qingdao office associate Liu Dexing briefed and interpreted the recently issued Cross-border Guarantee Foreign Exchange Supervision Measure. Mr. Liu noted that the measures relax China’s foreign exchange controls, make it easier for enterprises to finance through domestic and overseas financial markets, and effectively cuts enterprises’ financing costs and foreign exchange risks.
SPD Bank analyst Gao Rui analyzed foreign exchange trends and offered various foreign exchange risk control solutions based on enterprises’ different risk profiles. Ying Xiao, general manager of the International Trade and Development Department at SPD Bank, introduced methods for enterprises to cut financing costs and foreign exchange exposure and to increase investment returns by leveraging banks’ wealth management products during cross-border trade and investment.
The seminar attracted 60 participants who are the heads of their respective companies. The participants noted that the seminar was informative and helpful for them to cut foreign exchange exposure and to increase investment returns.