CFOs face greater challenges than ever before and more so in China. Rapid economic growth and WTO entry have seen the introduction of internationally recognized financial standards becoming a nation-wide priority. Still, China’s business environment remains more complex and competitive than ever due to rapid changes on rules and regulations, vague law enforcement procedures, coupled with local government influences, differences in culture and business practices.
Published by John Wiley & Sons (Asia) Pte Ltd, CFO Guide to Doing Business in China (ISBN: 978-0-470-82373-6) has gathered all the important aspects based on author Ching Mia Kuang’s personal experiences as a CFO, financial consultant, entrepreneur and also a successful businessman in China for over a decade.
CFO Guide to Doing Business in China is not only a Guide for CFOs of foreign companies in China, but also a practical book for investors who want to do or are already doing business in China. Although the book focuses on financial, accounting, taxation, and auditing issues, it also gives tips to newcomers on how to be more effective when doing business in China. The coverage includes the understanding of Chinese culture, managing and dealing with the Chinese, as well as strategies on business expansion in China. It also includes practical content based on real cases to help businesses get started and navigate the intricacies of China's accounting system, taxation issues, currency controls, risk management, outsourcing, people management, employment issues, mergers and acquisitions.
CFO Guide to Doing Business in China gives an extraordinarily in-depth analysis of China's business customs, tax and regulatory matters, including the latest updates on 2008 China Income Tax Law, China Labour Contract Law and the latest Mergers and Acquisitions Law. It provides must-know content from authoritative sources and is an indispensable resource for those new to the China market and seasoned businesspeople alike.
About the Author
Ching Mia Kuang co-founded Sino-Biz Financial Advisory (SBA) Company Ltd (predecessor firm of SBA Stone Forest) in China in 2001. The firm became a subsidiary of RSM Chio Lim, which is the fifth largest accounting and business advisory groups in Singapore. On the international front, RSM Chio Lim is the Singapore member of RSM International, the world's 7th largest accounting and consulting organization, with over 24,000 staff operating from over 600 offices in 72 countries.
Based in Shanghai, Ching has been in the accounting and financial fields for over 18 years and specifically in China for the last 11 years. Prior to Ching's starting of SBA Stone Forest, he was trained as an auditor in a Big 4 accounting firm before he took on the role of Regional Accountant (South Europe) for Singapore Airlines. In 1997, he was appointed as the Chief Financial Officer at Dalian Container Terminal (DCT), which is a joint venture between the port authorities of Singapore and Dalian. He played a key role in generating operational efficiency, profitability and return on capital for DCT. He was actively involved in new investments and acquisitions, having handled investments in three subsidiaries of DCT and other cooperative ventures.
Throughout the years in SBA Stone Forest, Ching has assisted many foreign investors and financial professionals to do business in China in various aspects including advisory on investment strategies, corporate services, accounting, payroll, tax, audit and business assurance consulting work.
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