Guangming holds seminar to support firms in global investment

Representatives from local companies attend a seminar hosted by the Foreign Affairs Bureau of Guangming District.

The Foreign Affairs Bureau of Guangming District on Wednesday hosted a seminar titled “Companies Going Global: International Finance and Risk Response,” in response to the evolving landscape of international business. 

This initiative aims to provide better support for local firms as they navigate the challenges and opportunities of expanding in overseas markets.

The seminar provided valuable insights into the current environment for companies going global, highlighting Shenzhen’s foreign trade practices, cross-border settlement issues, and financial considerations.

Representatives of local companies were also briefed about common solutions to typical challenges, variations in cross-border business operations, and the different developmental stages that companies undergo.

Key topics include the export strategies of Chinese firms in the modern era and the associated risks in cross-border financial activities. Participants also engaged in discussions and exchanged ideas about navigating these complexities.

Representatives from local companies attend a seminar hosted by the Foreign Affairs Bureau of Guangming District.

To enhance the practical knowledge available to attendees, professionals from Bank of China and China Life Insurance shared their expertise on financial management and risk control strategies tailored for global operations.

The bureau also invited Li Haixia, an expert in foreign investment, to present the benefits of the APEC Business Travel Card, designed to streamline travel for business personnel across APEC economies. This card allows holders to travel visa-free for five years within approved APEC countries, making international business travel significantly more convenient.

The seminar also covered the importance of FIDIC (Fédération Internationale Des Ingénieurs-Conseils), the leading global organization for consulting engineers.

FIDIC contracts, recognized as the most authoritative standard in international engineering contracts, are frequently used by Chinese firms engaged in overseas projects.