November 01, 2017
The French Chamber of Commerce and Industry in China is pleased to introduce to our next session of Tax & Law working group and discuss about China’s foreign exchange controls.
In line with the government's aim to encourage foreign investment and capital inflows into China, the State Administration of Foreign Exchange (SAFE) has relaxed various foreign exchange (forex) regulations in recent years, including rules governing the use of registered capital funds, foreign debt limit, transfer of funds for cross-border guarantees, forex payments, and remittance of profits. At the same time, due to the depreciation of the RMB and falling forex reserves, PRC authorities have tightened controls on capital outflows. Since late 2016, many foreign-invested enterprises (FIEs) have encountered difficulties and new restrictions when trying to remit forex, especially dividends, out of China. These policies with seemingly contradictory goals have created confusion among foreign investors in China.
This working group intends to briefly introduce the recent forex measures for FIEs, clear up the confusion and provide some observations and recommendations for dealing with the current landscape of forex controls.
About the speaker:
Partner - Gide Beijing
A member of the PRC Bar and Institute of Certified Public Taxation Consultants of China, Guo Min is a partner of Gide’s Beijing office and the head of Gide’s China Tax Practice. She joined Gide’s Beijing office in 2005 after working in the Tax Department of one of the Big Four accounting firms as a tax consultant.
Guo Min specialises in PRC taxation and accounting and regularly gives presentations on tax issues to clients and the broader business community. She is heavily involved in tax working groups in China and is the tax working group coordinator at the French Chamber of Commerce (CCIFC) in Beijing.
Having advised many companies on their foreign investments in China (especially in the energy and industry sectors), Guo Min has deep expertise in company restructuring, analysing and structuring the fiscal aspects of corporate reorganisations. She also has specialist experience in customs law, foreign exchange control and corporate legal matters. She has worked on a wide range of notable PRC and international tax, accounting, customs and foreign exchange control matters for global clients.
Guo Min is ranked as a leading tax lawyer in China by both Chambers Asia-Pacific and The Legal 500 Asia Pacific. She regularly speaks in important tax events such as the 70th IFA Congress held in Madrid in 2016.
Date: Wednesday, November 1st 2017
Time: 8:30am - 10:00am
Venue: CCI France Chine Beijing Office
Fee: Free, only for CCI France Chine Members
In order to participate in this working group, please register before October 31st at 17:00 by filling in the form below: