On Oct. 16, 2019, He Lijuan, partner of Shanghai Veritas Law Corporation, was invited to participate in the seminar on overseas investment of Chinese companies, together with Mars Yu, audit consulting director of SBA, George Treacher, partner of Altas Blues Property, Victor Yu, investment expert, and Leon Cane, assistant director of Baldwins. They conducted detailed and professional discussions on related issues.

    With the continuous development of China's economy and the growth of Chinese enterprises' economic strength, Chinese enterprises' foreign investment activities have become more frequent and active. Chinese enterprises' 'going global' has gradually become a policy consideration for the Chinese government to resolve trade surplus and foreign exchange reserve pressure. This seminar will discuss the issues that Chinese companies need to pay attention to in their foreign investment activities, and methods to avoid or reduce losses.

    In this seminar, Ms. He Lijuan discussed it from two aspects. First is to hire professional consultants to conduct due diligence on the proposed investment projects or target companies (usually including financial accounting, business/market, legal, taxation, environmental protection, etc.) to understand the specific policies, laws and regulations of the host country or region, as well as concrete situations  of the proposed investment project or target company. The second is due diligence. Due diligence is mainly conducted to find hidden risks of the target company or potential projects to provide reference for investment decisions. The focus of the survey varies depending on the concrete situations of the target company or potential projects. Therefore, it is beneficial to Chinese companies to invest abroad.