Podcast

CW Latin Department Launching a Podcast in Spanish

To offer morinformative and practical content to its Spanish-speaking clients on issues related to establishing, maintaining, or strengthening commercial and investment operations in mainland China and Hong Kongwe are pleased to share with you the opening of a new communication channel – a business podcast in Spanish, operated by our Latin American Representative, David Barriga.  

In the first episode of our podcast, we invited our special guest, Verónica Medina, Representative of Invest Hong Kong in South America (except Brazil), to share her interest and efforts in attracting investors from Latin America to Hong Kong. The interview with Verónica serves as a prelude to our upcoming series of episodes on practical aspects to establish a company in Hong Kong, key considerations to open a corporate bank account, costs, and actions needed to maintain a  Hong Kong company.  

Currently, our Latin Department has established accounts on various social media platforms such as Instagram, Facebook, YouTube, and Linkedin, providing instant communications with our Latin American and Spanish followers. The inclusion of a Spanish podcast channel is a major milestone for our Latin Department to becoming a top-of-mind service provider and connector of knowledge, network, and social impacts to our communities.   

To those Spanish-speaking executives, managers, and business owners who are doing business with China: If you would like to keep you updated on the best practices for dealing with China businesses, please access our new podcast channel both on Spotify or iVoox.  

Spotify: 

https://open.spotify.com/episode/64LtB35kt2jW3JKSGHw4Fu?si=nFkpqLZrRiy2TpfJh1tdkw  

iVoox: 

https://go.ivoox.com/rf/68457104 

Written by David Barriga, Latin Department, CW CPA

Newsletter

Brazil

CW Latin Department liaison offices in Brazil

We are pleased to announce that our Brazil Desk now has two liaison offices in Brazil. 

To serve our Brazilian clients better and establish a more convenient communication channel with our Brazilian business contacts and friends, we now designate the Belo Horizonte and Sao Paulo offices of the Brazil-China Chamber of Commerce (Câmara Chinesa de Comércio do Brasil) as our liaison offices. Our consultants will be able to meet existing and prospective clients in Brazil, which is paramount to the development of our Brazil Desk. We want to provide all-rounded support as we understand that doing business with China is challenging for many Portuguese-speaking clients. Our liaison offices will also serve as strategic points for new projects and marketing initiatives in the Brazilian market. 

Addresses of the two liaison offices: 

  1. BRASIL / SÃO PAULO: Leopoldo Couto Magalhães, 1098, Itaim Bibi – São Paulo/SP 
  1. BRASIL / BELO HORIZONTE: Paraíba, 1441 – Sala 703, Savassi – Belo Horizonte/MG 

To arrange a meeting with our Brazil team, please contact Ms. Lara Cordeiro via lara.cordeiro@camarachinesa.com or call +55 31 3262-2801. 

Written by Rafael Fraga, Latin Department, CW CPA

Newsletter

CW at German Chamber Spring Reception 2021

From 21 to 22 April 2021, the German Chamber of Commerce Southwest China held its 2021 spring reception in Shenzhen and Guangzhou. More than 110 members and friends gathered and spent two pleasant evenings. CW German Desk Business Advisor , Therese Feng, had the honour to attend it on 22 April 2021 in Guangzhou, together with Phenix Zheng, Manager (FDI Legal Counsel) from our China Consultancy Team.

Written by Therese Feng, German Desk, CW CPA

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Start-ups

Cyberport Professional Services Network: Consultation with Start-ups

As a Cyberport Professional Services Network partner, CW CPA was invited by Hong Kong Cyberport to join a clinic event on 31 March 2021. We had in-depth consultation discussions with start-ups to analyze their business model and brainstorm opportunities in Hong Kong during the event.

Our CW team members in Hong Kong and mainland China, together with our invited business partner from Hewlett Rand, physically and virtually provided professional advice and insights on the Hong Kong market.

Kickstarting a company can be both exciting and challenging when entering a new market. Insufficient knowledge of the local market and its audience can pose a severe obstacle. Due to the significant difference in consumer behavior between Hong Kong and the start-ups’ headquarters, we provided our insider knowledge of the Hong Kong and mainland China markets. Customization of products, services, marketing, and communication strategies based on the local market is crucial. Likewise, understanding the local market and the local audience is the first step to developing customer satisfaction.

Financing a start-up can also be challenging. Finding investors, pitching business ideas, and attracting investment are far from easy. Our team advised the start-ups to understand their business model’s benefits, unique selling points, and whether they relieve customer pain points. The notion of “demand creates supply” means that despite all odds, the success of any company lies in its service or product uniqueness – How does your product or service differentiate from existing competitors? What makes it attractive for investors and customers to spend time and money?

The overall thought-provoking discussions allowed the start-ups to think in their customers’ shoes where we also provided experience and industry knowledge for them to understand how to reach their business goals.

If you are a start-up company and interested in a one-to-one consultation, please contact:

Ms. Connie Pak

connie.pak@cwhkcpa.com 

Written by Abigail Casino, Company Secretarial Department and Owen Wang, Latin Department, CW CPA

Newsletter

E-commerce

Webinar: How to Develop Business Models through E-commerce

On 25 February 2021, CW organized its first webinar dedicated to the importance of E-Commerce, with the support of two Allinial Global member firms – LawBiz of Mexico and Alfredo Lopez y Cia of Colombia.  

The online webinar with specialists and experts from Chile, Colombia, and Mexico attracted over 150 participants. Specialists from various regions presented their insights on why companies today should pursue the digitalization of their operations and incorporate B2C and B2B virtual processes to market their products and services. The renowned entities included Concanaco from Mexico, Invest Hong Kong, Bogotá Chamber of Commerce, Lawbiz, Alfredo López y Cia, and the Colombia China Chamber of Commerce. 

The webinar encapsulated E-commerce’s importance in the development and growth strategies for small and medium-sized companies in Latin America. The growth and impact these channels have had on economies such as China and other Asian countries are clear signs that are now more important than ever.  It is necessary to accelerate the process of adopting new technologies and especially the use of electronic channels.  

The webinar’s key takeaways included the need to link universities with SME’s innovation processes, the role of social networks as a mechanism to generate knowledge, the importance of human resources, and their update in the face of technological innovation. The adoption of online platforms is necessary for companies in various industries; even governments have adjusted tax and legal procedures electronically. 

In this sense, CW presented its new service portfolio provided by MHnCW as an integral solution to Latin America companies that seek to export or sell their products to the mainland Chinese and Hong Kong markets.  Please visit our website: www.mhncw.com

For more details of the webinar and access to the event’s full recording, click here: https://youtu.be/0SWt_veNZc0

 

For more information, 

David Barriga 

Representative CW/MHnCW for Latin America 

David.barriga@cwhkcpa.com 

Written by David Barriga, Latin Department, CW CPA

Newsletter

Webinar

Event Invitation: Webinar regarding Cloud Accounting Arranged with German Chamber Hong Kong

Living in a highly globalized and digitalized world, companies and firms are starting to digitalize their work in order to be more competitive and efficient in the fast-paced business world. For example, companies in financial management begin to shift their accounting businesses online by adopting cloud accounting services to stay ahead of their competitors. 

At 11am on 25 March 2021, CW will hold a webinar regarding cloud accounting together with the German Chamber of Commerce, Hong KongOur Business Advisor, Therese Feng, will be the speaker and share insights on this topic.  

Please feel free to joinFor registration, please keep an eye on the upcoming notice of the German Chamber of Commerce (Hong Kong) about the webinar details: https://hongkong.ahk.de/events/event-gallery. 

Written by Therese Feng, German Desk, CW CPA

Newsletter

Webinar

CW and A&Z Law firm – Webinar Doing Business in China 2021: a legal and tax perspective

With the ongoing effects of 2020, 2021 presents challenges and uncertainties for businesses in China. On 27 January, we addressed some of these issues for companies to better prepare themselves for 2021. Our colleague Marant Caballero from the Latin Department of the Shanghai office spoke about tax policy updates in 2021 and case studies of scanners in 2020. We would express our gratitude to Anna Lukina from A&Z Law Firm, for her assistance in providing a legal perspective for 2021 on labour issues, international transactions and fraud prevention.  For more information about our services and to stay updated, please contact marant.deneb@cwhkcpa.com or subscribe to our Newsletter and social media. 

Written by Marant Caballero, Latin Department, CW CPA

Newsletter

Direction Association for the Handicapped

Pro Bono – Direction Association for the Handicapped

The Direction Association for the Handicapped 路向四肢傷殘人士協會 is a group of people with severe physical impairment who share the spirit of “Mutual-help and Self-help”. They support the integration of members back to the community so that they can live in the barrier-free community with happiness and confidence.  

The Association has published the book《路向》in 2010 and has launched the revised edition last year in 2020which was the 30th anniversary of the incorporation of the AssociationThe book 路向》consists of 12 real-life stories of their members, concerning their recovery experiencepsychological conditionlove and family issues, school and work life. 

If you are interested in this book, you can either contact us or purchase a copy from Joint Publishing (Hong Kong) 三聯書 or The Commercial Press (Hong Kong) Limited 商務印書館 in Hong Kong. 

To know more about Direction Association for the Handicapped, please visit: 

https://www.4limb.org/en/ 

Written by Mandy Lau, Administration Department, CW CPA

Newsletter

RC - photo for newsletter3

Ms. Rosanna Choi – Honorary Treasurer of Hong Kong Baptist University’s Council and Court

We are pleased to announce that Ms. Choi, Partner of CW CPA, has been reappointed as the Honorary Treasurer of Hong Kong Baptist University’s Council and Court for another 3 years with effect from 1 January 2021.   

Written by Mandy Lau, Administration Department, CW CPA

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New staff

New Staff of Company Secretarial and Audit Department

Welcome our new staff Sangita (Nepalese) and Abigail (Filipino). They are fresh graduates from the Open University of Hong Kong. 

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