Shanghai, China Cityscape

CW Shanghai office activities in October – November 2021

The 4th Edition of China International Import Expo 2021
As the 4th edition of the China International Import Expo (CIIE) 2021 started on the 2nd week of November, local and international brands actively participated in the event designed to help them take the first steps into the Chinese market. Although the current travel restrictions are still in effect, the CIIE still attracted international brands and products being showcased for five days and offered the opportunity to connect buyers and sellers. CW has participated in the CIIE every year since it was first launched in 2018. Over the past few years, we have noticed an increasing global interest due to the attractiveness of the Chinese market to many international businesses.

Invest Shanghai Roadshow – Science for the Future
CW’s Shanghai office was invited to attend the Invest Shanghai Roadshow – Science for the Future on 20 October 2021. During the event, Invest Shanghai showcased various local and international shanghai based projects. These projects are related to different areas of innovation, such as remote control labs equipment, electric flying cars, smart devices for early detection of cancer, etc.

Visiting the Benelux Chamber of Commerce in Shanghai
On 12 October 2021, CW visited the Benelux Chamber of Commerce in Shanghai and met with the Vice General Manager, Ms. Saar Leroy. The Benelux Chamber of Commerce is the Benelux business platform in China, with over 350 members consisting of Large Enterprises, Small and Medium-sized Enterprises, and individuals with an active interest in developing their business in China.

A visit to InvestHK Shanghai Office
Our Shanghai-based Mexican Senior Advisor, Marant Caballero, and, Shanghai-based Business Advisor Susie Chen visited the InvestHK Shanghai Office on 15 November 2021. They had a fruitful meeting with Philip Kung, Head of Investment Promotion of InvestHK Shanghai Office.

Written by Marant Caballero, Senior Advisor at Shanghai Office. 

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Hong Kong

Hong Kong FinTech Week – Opportunities for Brazilian companies

The Hong Kong FinTech Week is an event focused on providing a platform for participants across the globe to share their innovations, organized by the Hong Kong Monetary Authority and InvestHK.

Thiago Cruz Silveira, Principal Consultant of InvestHK in Brazil, has provided us with exciting comments and numbers concerning the event:

The latest results of HK Fintech Week and over 25 satellite events throughout the week are nothing but impressive.

– No. of attendees (physical + virtual): Over 20,000 from 87 economies (15,000 virtual in 2020)

– No. of views of our various live streaming content: Over 4 million (1.2 million in 2020)

– No. of media coverages: 870 (as of 7 November 2021)

Over 300 speakers, over 400 exhibitors, and over 39 delegations and representatives joined the main conference alone.

In addition, the Global Fast Track Programme, part of HK Fintech Week, proved very successful by recruiting over 400 Fintechs which were actively introduced to over 90 corporations and investors.

The weeklong event featured conferences with prominent speakers, the Global Fast Track program, exhibitions, a deal floor, networking events, demo shows, and more.

This year, the side events started on 1 November 2021, and the main event began on 3 November 2021 and ended on 5 November 2021.

This edition hosted many virtual sessions with online interactions, although the event’s focus was face-to-face activities, on panel discussions across five stages. As with other similar events, returning to the physical format was much anticipated, considering last year’s virtual-only events and webinars.

The Hong Kong FinTech Week is a great event that allows Brazilian FinTechs to connect with world-renowned investors, founders, Asia’s top executives, and other players in the FinTech ecosystem. As a result, you can be among the first to explore the opportunities to scale in China’s Silicon Valley – Greater Bay Area region with over $1.67 trillion GDP. It also offers dozens of FinTech masterclasses and workshops hosted by the world’s most innovative companies and technology providers in the industry.

The pre-registration for the 2022 edition is already available, and you can register for next year’s edition at this link: Pre-Register 2022 | Hong Kong FinTech Week.

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Chinese Chamber of Commerce of Brazil held the 130th Canton Fair promotion event in Brazil

The China Import and Export Fair, also known as the Canton Fair, started in 1957, is held biannually in Guangzhou, China. The event is organized by the China Foreign Trade Center, sponsored by the Ministry of Commerce of the PRC and the People’s Government of Guangdong Province.

It is also China’s leading commercial promotion platform and directly connects domestic and international markets. The Fair is an extensive international trade event, with a wide variety of products, participation of buyers from various countries, and represents a significant turnover for China.

On 21 April 2021, during the Special Latin American Session of the 129th Canton Fair, the Deputy Director and General Secretary of the Fair, as well as the Director of the Center for Foreign Trade signed a cooperation agreement with the Chinese Chamber of Commerce of Brazil (CCCB). Alongside the CCCB, the Industrial and Commercial Foundation of Argentina, Chile Hongzhan Group, and the Colombian Chinese Chamber of Investment and Commerce also joined the agreement.

CCCB President Daniel Manucci attended the event and said the CCCB had witnessed the development of cooperation between Brazilian and Chinese companies. With this, Manucci signed the cooperation agreement with the Center for Foreign Trade and formally joined the “Canton Fair Global Partnership Program”. This partnership established in the previous edition extends until the 130th edition of the Fair.

Since its inception, the Canton Fair has adhered to reform and innovation. Overcoming several challenges and never being interrupted since 2020, Canton Fair has been transferred to the Internet due to the violent global pandemic of COVID-19 and a severely damaged global trade. In 2021, the Fair returned to face-to-face meetings.

With this in mind, the Chinese Chamber of Commerce of Brazil offered support to Brazilian companies wishing to visit and explore the opportunities provided at the Canton Fair on-site, with the help of our local partner, CW Group.

On 18 October 2021, CCCB held a promotional event at the 130th edition of the Canton Fair. This edition marks an important milestone, since it is the first edition of the Fair with a hybrid format, working in a face-to-face and virtual way.

The event was attended by the Consulate General of China in Rio de Janeiro, the China Trade Center Group, INDI MG – Agency for The Promotion of Investment and Foreign Trade, and ABCasa. On behalf of the CCCB, we had our General Manager, Arthur Guimaraes, and the moderation of the event was made by our Project Coordinator, Lara Cordeiro.

This Article is contributed by the Chinese Chamber of Commerce of Brazil.

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Career Talk Webinar

CPA Australia Career Talk Webinar

For graduates nowadays, having a strong entrepreneurial mindset could help them excel at work or start a business in the future.  On 20 October 2021, CPA Australia in the UK organized a Career Talk Webinar – “Build Entrepreneurial Mindset and Skills for Successful Job Hunt” for university students.  Our Partner, Thomas Wong, was pleased to be invited as the speaker of the webinar.

Written by Mandy Lau,  Administration DepartmentCW CPA

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HR Summit 2021 CW

CW at 5th HR Summit of German Chamber South China

Human Resources prove to be crucial to companies of all sizes, especially in these challenging times. CW understands the importance of proper human resource management and is honored to be a gold sponsor of the 5th HR Summit of the German Chamber of Commerce in China | South & Southwest.

The Summit invited over 60 human resource professionals and corporate representatives from 30 companies, including CW, allowing them to obtain a better insight into the human resources management field. The attendees had a lively exchange of successful practices and built networks in the industry.

Ms. Louis Tan, Assistant Manager of CW, was the designated speaker for a workshop regarding the latest updates on individual income tax (IIT) in Greater Bay Area, Mainland China. The successful event aroused a great interest among the participants and ended on a satisfactory note.

Written by Therese Feng, German Desk, CW CPA

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Economic Summit and Welcome Dinner

CW sponsored the Economic Summit and Welcome Dinner of AHK Guangzhou

CW was honored to sponsor and attend the Economic Summit and Welcome Dinner arranged by the German Chamber of Commerce | South and Southwest on 30 August 2021.

The event focused on the economic sector, risk management and remote control, cross-border liquidity issues, and other hot topics involved in doing business in South China, aiming to bring practical and valuable information to the corporate members. A Welcome Dinner followed for the new Consul General of the Federal Republic of Germany in Guangzhou, Mr. Jan Rudolph, and the Executive Director of German Chamber of Commerce | South and Southwest, Mr. Martin Klose.

We greatly appreciate this opportunity to connect with and expand our network in the Sino-German business community. 

Written by Therese Feng, German Desk , CW CPA

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Welcome Breakfast with the Mexican Chamber of Commerce in Hong Kong

CW and the Mexican community in Hong Kong welcomed the new Consul General of Mexico, Ambassador Pablo Macedo Riba, at a breakfast event organized by the Mexican Chamber of Commerce in Hong Kong. As part of the Chamber’s initiative, we were able to meet Ambassador Macedo and greet old and new friends of the business community in Hong Kong. 

Mr. Thomas Wong, Partner of CW, and Ms. Luz Martinez, Head of Latin Department, were delighted to join the event on 30 August 2021. Special thanks to the Chamber team for organizing this welcome breakfast, to Susana Muñoz, Judy Wu, and Oscar Cabrera for their warm welcome.

Our Latin Department looks forward to maintaining our support and strengthening the presence of the Latin business in Hong Kong. 

If you wish to know more about the events organized by the Mexican Chamber of Commerce, visit their website and get in touch: https://www.mexcham.hk.

Written by Luz Deneb Martinez, CW Latin Department

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Project WeCan – 2021 Job Tasting Programme

To provide secondary school students with some working experience before entering the workforce, Project WeCan has been organizing Job Tasting Programme each year since 2012. This programme allows students to work in sizable companies during summer vacation. Students are required to go through normal application procedures and be assigned to mentors in their respective workplaces.

CW CPA is one of the Corporate Partners of Project WeCan and has supported Project WeCan in their programmes, including this Job Tasting Programme.

After a virtual panel interview on 15 July 2021, two students joined our team as interns under the Admin & Finance Department for two weeks. They were involved in multiple administrative duties during the internship, which widened their horizons and equipped them with the basic necessary skills to build their future careers.

 

  

Written by Yuki Law, Administration Department, CW CPA

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Shanghai

CW’s visit to Dorsey & Whitney Shanghai Office

Our Shanghai-based colleague, Marant Caballero, Senior Advisor, focuses on strengthening and expanding our business network to serve our clients in China better. In early August, he visited the Shanghai office of Dorsey & Whitney, a U.S.-based law firm.

Dorsey & Whitney Law Firm Shanghai Office specializes in consulting and providing advice to Chinese clients and companies on the U.S. Law. With offices across multiple states in the U.S., their experienced Chinese lawyers can exercise their practice in China and the U.S. based on law fields such as tax, mergers & acquisition, foreign direct investment, compliance, etc.

CW visit to Dorsey & Whitney Shanghai Office

CW continues to explore partnerships with different service providers to add value to our services and serve our clients as a one-stop solution for all matters related to their business, giving them the peace of mind they need to focus on their business growth.

Should you have any inquiries in Shanghai, please get in touch with Marant Caballero, Senior Advisor, at marant.deneb@cwhkcpa.com.

Written by , Marant Caballero, Senior Advisor, CW Shanghai Office

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The Launch of Our Virtual Colombian Pavilion

Colombia is a country that offers an expansive range of products and brands that prove to be very attractive to Chinese consumers. However, one of the main challenges is how to reach that market competitively. In this sense, e-commerce has become a valuable tool that facilitates direct-to-consumer (B2C) marketing. 

To speed up, facilitate and promote the access of more products and brands to the mainland Chinese and Hong Kong market, MHnCW, together with the Colombian China Chamber of Investment and Commerce and the support of ProColombia, has made the decision to create the first virtual Pavilion of Colombian products in China available for Chinese consumers to purchase directly. The Colombian Pavilion is a unique initiative that will allow Colombian companies to exhibit their products to millions of potential consumers in China.  Sectors involve food, cosmetics, leather products, handicrafts, clothing, and accessories, among many other categories.

MHnCW offers the possibility of accessing a broad portfolio of online channels (cross-border e-commerce platforms) and offline (physical stores in Hong Kong) that will be presented jointly with the image and concept of the Colombia Pavilion. Thus, this project hopes to become a pioneering example for other Latin American countries. 

On 28 July 2021, 7:00 PM Colombia Time  / 29 July 2021 08:00 AM Hong Kong Time, our Colombian Pavilion was officially launched via an online event. We have released the details and requirements to join the Colombian Pavilion.  

Joined with us were:

  • Ambassador of Colombia to China Mr. Luis Diego Monsalve
  • President of the Colombian China Chamber of Investment and Commerce Dr. Carlos Ronderos
  • Director of the Colombian China Chamber of Investment and Commerce Mr. Jaime Suarez
  • Director of ProColombia (China Region) Ms. Natalia Tobon

For more information, don’t hesitate to get in touch with our Colombia Representative David Barriga:

Email: david.barriga@cwhkcpa.com
Instagram: mhncw_es
Whatsapp: + 57 311 5632128

Written by David Barriga, CW CPA

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