INVITATION: Implementing Your Digital Vision in China

Date: February 10, 2010 (Wed)
Time: 12:30 pm - 2:00pm
Venue: Solution Lab, Unit 518, Level 5, Cyberport 3 (Core F), 100 Cyberport Road, Hong Kong.
Rundown:
12:30 -12:45 Registration with sandwich lunch
12:45- 12:30 Networking
13:00 - 13:20 What are startups' challenges/pains doing business in China?
Introduction to Pacific World Neuberg Media (Beijing) Co., Ltd.
13:30 - 14:00 QA

** Note: the seminar will be conducted in Cantonese and with English powerpoint presentation

Fee:
- Incubatees just pay HK$5
- Alumni just pay HK$10
- Normal price HK$20

To reigster: please send your company name, participants' name, email and tel to training@cyberport.hk by February 8, 2010.

Target audience: SMEs, who have no experience running business in China.

About the Seminar

What are the Problems Doing Business in China ?
- Restricted access to the media sector; broadcasting; publishing for the foreign investors.
- Higher requirement in terms of registered capital ( from RMB 10 Millions ) to minimum 3 years track records for the foreign investors
- Tougher compliance for the foreign invested enterprises; frequently investigated by the local authorities
- Higher restriction for the foreign invested enterprises to submit bids on the Government’s projects

Traditional Ways of Developing China Market:
Set up your own WOFE
- Starts-ups Capital from RMB 5 – 10 Millions as Hi-Tech Enterprises
- Sales of products limited to the produced manufactured in China
- Not allowed for WOFE in some restricted areas
- Secure local partner for Joint Venture
- Take time to find reliable local partner for Joint Venture
- Internal conflicts commonly happen in Joint Venture
- Local Partner must hold 51 % stakes in the restricted areas
- Loose in 3 control on the JV if the local partner is strong presence
- Look for local Agent for distribution
- Agents may not commit to sell your products
- Hard to collect the Outstanding Debt even the sales are good
- Loose control on the Intellectual Property rights
- Hire local individual to work for sales
- Face the problems of issuing legally VAT invoices.
- Employers faces the legal exposure of hiring the locals without legal contracts ; welfare payments and income tax payments
- No commitments from the local individuals who are ready for shifting jobs

During the seminar, the speaker will share his experience and advise how to acilitate the foreign and Hong Kong Media & Hi-Tech companies to develop their businesses and resolve the outstanding regulations that restrict their business operations in Mainland China.

About the Speaker : Mr. Simon Cheung
• Co-founder and director of the Pacific World Fund Management, previously as the head of private equity division at China Great Wall Securities (ranking 14th in 2006 across China).
He has solid working relationship with private equity funds, QFII funds, multi-national companies and financial institutions, focuses on foreign investment into the PRC listed companies, foreign invested enterprises (FIE) launching the IPO in Mainland ‘s A Shares market, advising Mainland PRC Companies listing overseas markets.

• He obtains the Hong Kong SFC license in corporate finance and working as the responsible officer (RO). He also has the CSRC securities officer qualification in corporate finance.
(Currently only 14 individuals have both qualifications in the two jurisdictions of Greater China).

• Mr. Cheung obtained his Bachelor degree in the UK, Master and postgraduate degrees from Sydney University, Macquarie University and China Law College in Beijing and his MBA from S. Australia ; Master of Law degree from Hong Kong; also a qualified accountant in Australia.

About Pacific World Neuberg Media (Beijing) Co., Ltd. (盛世高略文化传媒(北京)有限公司)

- 100 % Subsidiary of Pacific World Fund Management (Tianjin)
- Established in 2007 : Over 2 years business history gains confidence from the
PRC local clients in signing business contracts.
- Able to obtain access to restricted licenses in the publishing and media
broadcasting industries in Mainland China for Hong Kong & foreign media
and Hi-tech companies.
- Able to perform sales and marketing functions and public relation activities for
prominent companies in China .