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SETTING UP AND OPERATING A BUSINESS IN CHINA
(Subject to Changes)
Tuesday, April
29, 2008
8:30 am 5:15 pm |
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Significance of the Workshop |
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Maximizing Long Term Returns: It is important that the initial setup of the operations has to be correct since it will have a long term impact on the corporation. Although there is not a fixed rule in making such judgment, this workshop will critically examine the decision making process.
· Cost Savings: Setting up operations in China could be complex, time consuming and frustrating; however, most of the application process is routine. Almost all of the application documents have to be approved or pre-approved in accordance to the Chinese government laws with very little room for modification or negotiation. Many US companies could save a significant amount of money and avoid unnecessary delays in performing the routine application procedures themselves.
· Unique Approach: The Workshop will not only deal with the mechanics in setting up operations in China but also address the human aspect of such engagement. Getting work done is more than just filing the papers correctly.
· Practicality: All speakers are practitioners that have set up operations in China before.
· Solution Oriented: The Workshop does not purport to provide a solution to some of the challenges that a US company is facing when it sets up operations in China; the Workshop will strive to provide insiders insight on how they approach these challenges.
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Registration and Contact Information |
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· By Mail: Please complete the attached registration form and return it along with a check payable to U.S.-China Chamber of Commerce with the appropriate fee or credit card information to:
U.S.-China Chamber of Commerce
Attention: Setting Up Operations Workshop
55 West Monroe Street, Suite 630
Chicago, IL 60603 USA
· By Fax: Complete the
registration form with your credit card information and fax it to: (312) 368-9922.
· By Phone: (312) 368-9911.
· E-Mail: E-mail to info@usccc.org with information on the registration form.
· Online:
Click Here
to Register Online
Or Click
here to Download Registration Form
· Registration Deadline: Enrollment is limited to 100 participants.
Early enrollment is encouraged.
Please register on or before Friday,
April 25, 2008.
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Fees ($ in US) |
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| Member:
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$445 |
| Non-Member:
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$545 |
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Special Discount:
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A Cross-Cultural and
Language Workshop is to be held on the next day of this Workshop. An
additional discount of $100 will be taken if both Workshops are
attended. |
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Air Travel |
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USCCC Setting Up and Operating a Business in China Workshop Program will be held in Downtown Chicago, IL. Chicago has two major regional airports, OHare and Midway, both of which are easily accessible from downtown Chicago.
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Location
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Union League Club of Chicago ■ 65 West Jackson Blvd., Chicago, IL 60604
■ Phone 800-443-0578 or 312-427-7800
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Accommodations |
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The Union League Club of Chicago has made a limited number of rooms
available for Workshop participants at a special rate of $125 per night.
Please contact The Union League Club of Chicago at 312-427-7800 or
1-800-443-0578 for further information.
Please make sure to mention that you are attending the U.S.-China
Chamber of Commerce Workshop.
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Agenda
(Tuesday, April 29, 2008) |
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7:00 a.m. 8:00 a.m. |
Registration Begins and Continental Breakfast
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8:00
a.m. 8:45 a.m. |
Getting into China: Options and
Strategies
- Outsourcing; market
expansion
- Rep Office; JV; Greenfield; Acquisitions
Panel Discussion: Siva Yam, CPA, CFA, President, US-China
Chamber of Commerce;
Andy Rice, Senior V.P. International, The Jordan Company
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8:45 a.m. 9:30 a.m. |
Recent Changes in
Chinese Government Policies and Regulations Impacting Foreign
Operations
- Corporate governance in China
- New laws impacting foreign investors: JVs; mergers and
acquisitions; bankruptcy; and dividend withholding
Brian Richards, Partner, Katten Muchin Rosenman LLP
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9:30a.m. 10:15 a.m. |
Affecting the
Bottom Line: Recent Changes in Taxes, Employment, Export Incentives,
Corporate Tax
- VAT rebates on exported manufactured goods; exchange rates; new
employment laws; tax holidays
Deloitte & Touche (TBA)
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10:15 a.m. 10:30 a.m. |
Coffee Break
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10:30 a.m. 11:15 a.m. |
The Mechanics of
Setting Up Operations in China
- The application process; strategies; nuts and bolts; check list
and forms
Panel Discussion: Siva Yam, CPA, CFA, President, US-China
Chamber of Commerce;
Jinning Li, Representative, TEDA Chicago and Dallas Office
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11:15 a.m. 12:00 a.m. |
Look into the
Future: China Versus Other Emerging Markets
- Is China still the future?
Panel Discussion: Andy Rice, Senior V.P. International, The
Jordan Company;
Glenn Spungen, V.P. Sales & Operations, PEER Bearing Company
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12:15 p.m. 1:00 p.m. |
Networking Lunch
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1:00 p.m. 1:45 p.m. |
Capitalizing and
Financing the Operations
- Find the right capital structure: match assets and liabilities;
minimize foreign exchange risk
- Identify sources of capital: Is private equity available?
HSBC (TBA)
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1:45 p.m. 2:30 p.m. |
Do It Right at the
Beginning: Protect IPR and Build Human Resources
- Protect IPR, avoid preemptive trademark and patent registrations
- Find the right human capital; costs and benefits of using
expatriates
Panel Discussion: TBA
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2:30 p.m. 2:45 p.m. |
Coffee Break
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2:45 p.m. 3:30 p.m. |
Managing an
Operation Successfully. Case studies
- Control expenses; retain employees; manage public relations
Panel Discussion: Sandra Conley, Director, Wahl Clipper Ningbo
Ltd.;
Glenn Spungen, V.P. Sales & Operations, PEER Bearing Company
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3:30 p.m. 4:15 p.m. |
What Do You Expect
in Setting Up a Manufacturing WOFE in China? Case Studies.
- Facts and fiction in setting up a WOFE in China
- The role of guanxi
Panel Discussion: Frank Mehwald, President, Atlantic Tool & Die
Co., Inc.;
James Herring, President and Chief Executive Officer, Circuit
Services, Inc.
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4:45 p.m. 5:30 p.m. |
Lessons Learned in
Operating Internationally. Case Studies
- An evolutionary view: outsourcing-JV-Greenfield-acquisition
James Scott, President (Retired), Elkay Manufacturing Company;
TBA
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5:30 p.m. |
Adjourns
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