Treasury & Tax Week

Venue: Shanghai

Location: Shanghai, China

Event Date/Time: Jul 21, 2007 End Date/Time: Jul 24, 2007
Report as Spam


Treasury & Tax Week
21-22 August 2007 Corporate Treasury Management
23-24 August 2007 China Tax Reform
Pudong Shangri-La Hotel, Shanghai

Corporate Treasury Management
21-22 August 2007
Strategies for effective liquidity management and new approach to risk minimization

• Meet the government officials to discuss your concerns on the new reform
• Packed with insights on how corporate treasurers are tackling the finance and market volatility
Learn from these industry experts£º
He Manqing Deputy Director, Research Center on Transnational Corporation CAITEC Ministry of Commerce
Senior Representative State Administration of Foreign Exchange (SAFE)
Senior Representative State Administration of Taxation
Martin Li Finance Director Montage Technology
William Dong Chief Financial Officer Agfa-Gaveat
Kern Lim Chief Financial Officer ASIMCO Technologies
Ronnie Ede Chief Financial Officer JDSU Asia Pacific
Yang YiChao Chief Financial Officer-Greater China Sara Lee Household & Bodycare
Shirley Xie Partner, Financial Services PricewaterhouseCoopers
Ng Seow Kong Chief Financial Officer Morningside China Group
Tony Stringer Managing Director Head of Asia-Pacific Corporate Ratings

China Tax Reform
23-24 August 2007
• Understanding the impact of the new China corporate income tax law on foreign investors
• Grandfathering of previous preferential tax treatments
• Tax planning opportunities for M&A in China
• Manipulation of transfer pricing strategy at arm length principle and its document preparation
• The latest changes in China customs duty adjustments and how to deal with customs valuation audits

Corporate Treasury Management
Day One ¨C 21 August 2007, Tuesday
0830 Registration & Coffee

0900 Opening address from the Chairman

0915 Opening Keynote Session
Economic outlook and implications for China and future growth
▪ Reviewing the Chinese macro-economic development
▪ New rules, regulation and standards that are influencing the development of FIEs
▪ Latest trend for China foreign investment policy
▪ Examining data and statistics on the Chinese economy (RMB appreciation, FX reform, interest rate, inflation outlook) and its relation to the world market
▪ Adjusting MNCs' investment strategies in China
He Manqing Deputy Director, Research Center on Transnational Corporation
Ministry of Commerce

1000 Foreign exchange reform in China
▪ The development trends for foreign exchange system reform and management in China
▪ New rules, regulations and standards influencing foreign exchange transactions
▪ The impact of uncertain RMB exchange rate mechanism and interest rate flexibility to corporate treasurers
Senior representative
State Administration of Foreign Exchange (SAFE)

1045 Morning tea & networking break

1115 Regional Solutions for Treasury & Cash Flow Management
▪ Presenting the various trends in cash management across the region
▪ Examining present structure and forward plans for treasury solutions
▪ Assessing financial risk management strategies
▪ Achieving optimum proficiency in regional cash management
Martin Li Finance Director
Montage Technology

1200 Getting budgeting and forecasting right
There is increasing pressure by senior management and boards of directors to produce more detailed budgets, forecasts, and performance data. Moreover, stakeholders are heavily counting on the accurate budgeting and forecasting capabilities of the treasurers. Treasurers are required to have a longer-term and strategic view of the financial horizon.
▪ Reviewing critical elements of accurate budgeting and forecasting
▪ Collecting relevant and necessary data to make planning decisions
▪ Enhancing teamwork among all operating units involved in business planning
▪ Generating greater efficiency by eliminating unnecessary activities
▪ Linking budgeting and forecasting activities to business strategic planning and performance measurement
William Dong Chief Financial Officer

1245 Networking luncheon

1400 Panel discussion: Identifying challenges and opportunities ahead for corporate treasurers in China
The role of corporate treasurers is evolving and gaining prominence in China. This panel discussion explores the challenges and opportunities ahead:
▪ Treasury as the driving force for effective cash management throughout the business
▪ Practical examples of how corporate treasurers can transform their companies and position them for growth
Yang YiChao Chief Financial Officer-Greater China
Sara Lee Household & Bodycare
Plus speakers of the day

1445 Overcoming foreign exchange risk management in uncertain conditions
▪ Ascertaining the full extent of currency exposure for your organization
▪ Effective hedging strategies in dealing with foreign exchange risk management
▪ Maximize the opportunities available in currency options for your risk strategy
▪ Safeguard your business through hedging with currency options
▪ Case examples of successfully managed foreign exchange risk
Kern Lim Chief Financial Officer
ASIMCO Technologies

1530 Afternoon refreshments & networking break

1600 Do you need to outsource your treasury function? ¨C assessing the needs and risks involved
▪ Establishing the main objectives of an outsourcing solution
▪ Considering the capabilities for outsourcing
▪ Increasing cost efficiency within the organization and ensuring the ROI from outsourcing is justified
▪ Determining the level of outsourcing to ensure minimal leakage of information
▪ Key criteria in choosing the right partner to ensure successful outsourcing initiatives
Ronnie Ede Chief Financial Officer
JDSU Asia Pacific

1645 Corporate treasury strategies - Best practice in regional treasury centre
As the definition of treasury expands, it is imperative that corporations choose the ideal treasury organizational model. This session will show you the factors that should come together to form the basis of your strategic treasury structure.
▪ Considerations of handling different tax issues, time zones, regulations and infrastructures
▪ Deciding on different structures ¨C In-house bank, Shared Service Centre or outsource?
▪ Determining which function and to what extend to be centralized
▪ Maintaining transparency and control
Speaker to be confirmed

1730 Closing remarks from Chairman and end of Day One

Day Two ¨C 22 August 2007, Wednesday
0855 Chairman¡¯s remark

0900 Keynote session
Crucial tax and regulatory changes and development in China
▪ Upcoming regulation change and government expectations on enterprise ¨C Unification of domestic and foreign corporate tax
▪ Implications of the new regulations on enterprise operational practices
▪ Adapting to new regulations to achieve best performance
▪ Discussing issues related to changes in identifying potential risks and opportunities
Senior Representative
State Administration of Taxation

1000 Understanding the key elements for accounting and taxation in derivatives
▪ Overview of derivative taxation & accounting principles
▪ Underline the essentials of accounting regulation for derivatives in China
▪ Implement the proper taxation standards within required guidelines
▪ Crucial key points in enforcing proper administration
Shirley Xie Partner, Financial Services

1045 Morning tea & networking break

1115 Practical issues of managing liquidity risk
One of the key responsibilities of a treasurer is to ensure that the most effective approaches to cash and liquidity management are taken. In periods of credit constraints, organizations need to be assured that they have access to liquidity
▪ Developing cash flow framework to mitigate liquidity risk
▪ Mapping management action triggers and capping as management tools to address liquidity risk
▪ Formalizing fund transfer pricing structure for business revenue margins and profit margins
▪ Understanding the rudiments in liquidity risk, liquidity and long term/short term funding
▪ Juggling assets and liabilities to manage an organization¡¯s healthy balance sheet
Ng Seow Kong Chief Financial Officer
Morningside China Group

1200 Mitigating credit risk to enhance business efficiency and profitability
▪ Assessing credit risk in the environment with scarce credit information
▪ Role of credit rating agencies in China
▪ Tips in setting up effective crediting monitoring process
▪ Credit insurance and product to hedge risk
Tony Stringer Managing Director, Head of Asia-Pacific Corporate Ratings

1245 Networking luncheon

1400 Panel discussion: Optimizing the usage of various derivatives to mitigate risks
▪ Exploring the derivative products in the Chinese market integrating the key principles of hedging as a treasury strategy
▪ Effective examination of the risks involved in the derivative trading
▪ Examples in mitigating risks through the various usage of derivatives

1445 Developing the appropriate treasury risk performance measurement metrics and tools to enhance treasury efficiency
▪ Recognizing inherent and residual risks in market and treasury operations
▪ Formulating meaningful risk-reporting structure for market and treasury risk business and activities
▪ Successfully overcoming the barriers in measuring treasury risk performance through innovative risk tools, metrics, heat maps, periodical reviews and risk escalations
▪ Practical examples of successful treasury risk performance measurement techniques
Speakers to be confirmed

1530 Afternoon refreshments & End of conference

China Tax Reform
Revisiting your tax structure under the new tax regime in China

On 16th March 2007, the National People¡¯s Congress passed the long-awaited China Corporate Income Tax Law (CIT Law), marking a significant milestone in China¡¯s tax history since the turnover tax reform in 1994.

What does this new income tax law mean to your company? Will your incentives be grandfathered? Can you still get in on the old incentives? What strategies are being employed post-holidays as China becomes less of a low-tax jurisdiction?

Current foreign investors will review their tax profile, conduct impact analysis and revisit their current tax planning structure against the new tax regime in China. There will be a need for new thinking and strategy to minimize China income tax. What will be the effects on tax and regulatory aspects of structuring direct investments and acquisitions of domestic and foreign invested enterprises?

The relaxation of business scope in terms of location and function provides synergies with pure internal integrations and strategies involving holding companies, regional HQ companies and management services entities playing an increasingly important part of an integrated strategy in China.

The long-rumored mandatory transfer pricing documentation rules are likely to be out and in effect by the time of this seminar. What does this mean to you? How will the Chinese rules match up with global standards? How do we close the gaps?

This workshop provides inside information from the State Administration of Taxation, General Administration of China Customs, professional analysis from Ernst & Young and corporate case studies from leading enterprises.

Day Three ¨C 23 August 2007, Thursday
0830 Registration & Coffee

0900 Insider tips: Advising on the corporate tax strategy and measuring the impact of the unification of corporate income tax and VAT reform under the new regime
- Perspective on the taxation of foreign investment enterprises
- Grandfathering treatment during the transitional period
- Reform of indirect tax in China (VAT, service tax, business tax, consumption tax etc)
- Implications of anti-avoidance measures
- Updating the export tax rebate mechanism
- Clarification of Withholding Tax exemption and re-investment tax refunds
- Anticipated further directions in new tax policy
Zhang PeiSen Head of Policy Research Office
State Administration of Taxation (SAT)

1215 Networking luncheon

1400 Exploring the tax-efficient acquisition or divestiture structuring in the evolution of new China tax environment
- Tax incentives for foreign invested enterprises
- Movement of fund in joint venture
- Tax consideration in determining your holding structure and the tax planning strategies for setting up regional headquarters in China
- Fair market value versus investment value? Valuation versus deal pricing?
- Raising funds from home or abroad?
- The tax involved in transfer of assets-capital inventory stock, intangible asset etc
- Pros-and-cons analysis for income tax considerations for M&A
- Discussion regarding the various financial issues involved in different types of M&A deals and pitfalls
Anthony Fay Attorney
White & Case

1515 Afternoon break and networking

1545 Establishing the internal tax control system to manage tax risks
- Self-assessment (risks & opportunities) and benchmarking of your tax strategies
- ¡°Internal diagnostic¡±- examining the tax exposures for your own tax management system. How to construct a good examination system
- Ensuring all operations/functions are carried out effectively at all times in accordance with SOX, both local & corporate internal policies and local legal requirements
- Analyzing all possible tax implications and obtain external consultants¡¯ opinions as required
Speaker To Be Confirmed

1700 End of conference day 1

Day Four ¨C 24 August 2007, Friday

0900 Devising sound transfer pricing strategy at arm¡¯s length and risk hedging methods
- Advanced Pricing Agreements (APA): allocation of risk considerations, type of companies suitable for APA
- How to use regional core documentation as an effective transfer pricing risk management tool?
- Financial implications of transfer pricing
- Controlled foreign corporation rules
- Transfer pricing of cost-sharing agreements
- Comparison of major transfer pricing adjustment methods (CUP, Resale Price Method and Cost Plus Method)
- Regulation update of Tax Audit and investigation. Who has greater risk?
- Putting forward proposals and dealing with local tax authorities
- Discussion on the various difficulties and impacts encountered in preparing the formal contemporaneous documentation and its process
Joanne Su Partner
Ernst & Young

1215 Networking luncheon

1400 Transaction value and alternative customs valuation methods in China
- Determination of minimum customs value for your product
- Customs revenue collection through valuation adjustments
- Direct return of imported goods
- Tax issues for indirect export
- Treatment of royalty and license fee arrangements
- Duty exemption and deduction of processing trade goods
- How to deal with a customs valuation audit
- Transfer pricing strategies and techniques to seize tax planning benefits from China Customs perspective
- Revealing measures favoring Binhai New Area (BNA)¡¯s development in Tianjin
Senior Representative
General Administration of China Customs

1700 End of conference

REGISTER TODAY! Call our Customer Service Hotline today to reserve your place at this event Tel +86 (21) 5292 8862 or Email

Who should attend£º
▪ Managing Dirctors
▪ Chief Financial Officers
▪ Finance Directors
▪ Treasurers
▪ Treasury Accouontants
▪ Financial Accountants
▪ Financial Controllers
▪ Internal Auditors
▪ Finance Managers
▪ Treasury Dealears
▪ Treasury Analyst
▪ Finance Assistance
▪ Compliance and Risk Managers
From all major enterprises

Also: Bankers, Consultants, Associations, Service Providers, Institutions and Government Agencies

Corporate Branding Opportunities
Raise your profile at Corporate Treasury and Tax Week! Tailor-made sponsorship opportunities are available for enhancing your business development. For further information on branding, exhibition or advertising opportunites via our event campaign, contact Ms. Joyce Lu, Tel: +86-21-5116 5912 ext 127 or Email:

»áÒéµÚÒ»Ìì ¨C 2007Äê8ÔÂ21ÈÕ£¬ÐÇÆÚ¶þ
0830 Ç©µ½¼°Ôç²è

0900 ´ó»áÖ÷ϯÖÁ»¶Ó­´Ê

0915 ¿ªÄ»Ö÷ÌâÑݽ²
ºÎÂüÇà ¸±Ö÷ÈÎ ¿ç¹ú¹«Ë¾Ñо¿ÖÐÐÄ

1000 ÖйúÍâ»ã»ãÖƸĸïÈȵãÎÊÌâ¼°Õþ²ß

1045 ÉÏÎç²è¼°×ÔÓÉÁªÂç

1115 ÇøÓò×ʽð¼°Á÷¶¯ÏÖ½ð¹ÜÀí·½°¸
Martin Li Finance Director
Montage Technology

1200 °ÑÔ¤Ëã¼°Ô¤¼Æ×öºÃ
William Dong Chief Financial Officer

1245 ÉÌÎñÎç²Í

1400 ¼Î±öÂÛ̳£º±æÈÏÖйú²Æ×ʾ­ÀíµÄÌôÕ½¼°»úÓö
Yang YiChao Chief Financial Officer-Greater China
Sara Lee Household & Bodycare

1445 ÔÚº¬ºýµÄÇé¿öϵÄÍâ»ã·çÏÕ¹ÜÀí
Kern Lim Chief Financial Officer
ASIMCO Technologies

1530 ÏÂÎç²è¼°×ÔÓÉÁªÂç

1600 ÄãÐèÒªÍâ°üÄãµÄ²Æ×ʲ¿Â𣿣­ÆÀ¹ÀÆäÖеÄÐèÇó¼°·çÏÕ
Ronnie Ede Chief Financial Officer
JDSU Asia Pacific

1645 ¹«Ë¾²Æ×ʹÜÀíÕ½ÂÔ ¨C ÇøÓò²Æ×ÊÖÐÐĵÄ×î¼Ñʵ¼ù

1730 ´ó»áÖ÷ϯÖÁ±ÕÄ»´Ê£¬µÚÒ»Ìì»áÒé½áÊø

»áÒéµÚ¶þÌì ¨C 2007Äê8ÔÂ22ÈÕ£¬ÐÇÆÚÈý
0855 ´ó»áÖ÷ϯÖÁ»¶Ó­´Ê

0900 Ö÷ÌâÑݽ²

1000 Á˽âÑÜÉú²úÆ·½»Ò×ÉϵÄʵÓûá¼Æ¼°Ë°Îñ·½Ê½
Shirley Xie Partner, Financial Services

1045 ÉÏÎç²è¼°×ÔÓÉÁªÂç

1115 Á÷¶¯ÐÔ·çÏÕ¹ÜÀíµÄʵÓÃÎÊÌâ
Ng Seow Kong Chief Financial Officer
Morningside China Group

1200 »ººÍÐÅÓ÷çÏÕ£¬Ìá¸ßÆóҵЧÂʺÍÀûÒæ
Tony Stringer Managing Director, Head of Asia-Pacific Corporate Ratings

1245 ÉÌÎñÎç²Í

1400 ¼Î±öÂÛ̳£ºÓÅ»¯ÑÜÉú¹¤¾ß×éºÏÒÔ¼õÉÙ×ʽð·çÏÕ

1445 ¿ª·¢ÕýÈ·µÄ²Æ×Ê·çÏÕ²âÁ¿¶È¹æºÍ¹¤¾ßÒÔÌá¸ß²Æ×ʵÄЧÂÊ

1530 ÏÂÎç²è¼°»áÒé½áÊø

²Æ×ʲ¿ÊÇÈÎÒ»¸ö×éÖ¯²»¿ÉȱµÄ×é·Ö¡£ÔÚ½ñÌì¾ÖÊƽôÕŵÄÆóÒµÊÀ½çÀï, ²Æ×ʲ¿¸ß¶È±»ÈÏΪÊÇÒ»¸öÓлîÁ¦µÄÆóÒµ×éÖ¯µÄºËÐÄ¡£ÓÐЧµÄ²ÆÕþ¾ö¶¨ÓжÔÆóÒµÊÕÖ§µÄ¾Þ´óÓ°Ï죬ÓÐЧµÄ¹ÜÀí½ÚÓà×ʱ¾£¬¿É°ÑÊÂÎñÐÔÖʵIJÆ×ʲ¿×ª±ä³ÉÒ»¸öÀûÈóÖÐÐÄ¡£2006 Äê12ÔÂÊÇÖйú¼ÓÈëWTOµÄ5ÖÜÄê, ·¢ÉúÁ˹ؼüµÄ¸Ä¸ï£¬Ó°ÏìÁËÆóÒµ²Æ×ʾ­ÀíÃÇ×î¹ØÇеÄÖйúÒøÐÐÒµ¡£Õâ¸öÕ½ÂÔ¼ÝÊ»µÄ»áÒ飬´øÀ´Õþ¸®¹ÙÔ±¡¢Æóҵר¼ÒºÍÀÏÁ·²Æ×ÊʵϰÕߣ¬·ÖÏíËûÃDzÆ×ʹÜÀíµÄ³É¹¦·½°¸¡£

▪ ¶­ÊÂ×ܾ­Àí¡¢
▪ Ê×ϯ²ÆÎñ¹Ù
▪ ²ÆÎñ×ܼà
▪ ²ÆÎñ³¤
▪ ×ʽð»á¼Æ
▪ ²ÆÎñ¹ÜÀí×ܼà
▪ ÄÚ²¿Éó¼Æʦ
▪ ²ÆÎñ¾­Àí
▪ ×ʽð¹ÜÀíÈËÔ±
▪ ×ʽð¹ÜÀí·ÖÎöʦ
▪ ÖúÀí²ÆÎñ¾­Àí
▪ ·çÏÕ¹ÜÀí¾­Àí