CFO Guide to Doing Business in - by Mia Kuang Ching (Paperback)

Book Synopsis

CFO Guide to Doing Business in China has gathered all the important aspects based on the author's personal experiences as a CFO, a financial consultant, an entrepreneur and also a successful businessman in China for over a decade. It 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 aspects, 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 people, strategies to expand your business in China. Practical contents 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.

From the Back Cover

"An excellent "handbook" for the CFO. This guide will certainly appeal to those (non-Chinese) CFOs already based in China or operating remotely outside of China; what will be especially valuable is the practical guide to the process of establishing an entity there. The effective positioning of the case studies highlights/illustrates the importance of key aspects of the "bread-and-butter" issues, such items as currency control regulations accounting practices and taxation, etc. And quietly inserted throughout the book are a few words of understated but prudent words of advice. A timely reminder to the CFO that "there are no guaranteed results in China."--Ian Butler, Regional Human Resources Director, Asia Pacific, Templeton Asset Management

"This book presents a comprehensive look at doing business in China through the eyes of a CFO. It combines China's unique business environment with relevant, contemporary examples in the marketplace that the reader can translate into business success in China. I highly recommend this book to anyone who wants to or is doing business in China. It is a must-read for every CFO."--Law Kim Lee, President & CEO, Cooper Industries - China

"[Ching's] book is an essential tool for any CFO or any finance and investing professional who is operating or considering operations in China. His book is practical and offers valuable information that will greatly assist in navigating the many challenges that arise from all areas of finance applied in China, especially for US-based firms. This is a helpful guide for anybody who is investing in portfolio companies that have key operations or partnerships in the region."--Gregory L. Segall, Managing Partner, Versa Capital Management, Inc.

"Finally a book that many of us have been waiting for. It offers great insights into business practices in China. This is definitely an essential book for those looking to work or do business in China."--Tan Wan Seng, General Manager, Hanson Building Materials (SINGAPORE) Pte Ltd

"Ching Mia Kuang's CFO Guide to Doing Business in China is a must read for all corporate executives interested in China. The book combines extremely useful practical tips and case studies with detailed information on a wide gamut of relevant issues. It fills a great void and is an excellent and a comprehensive guide to doing business in China. The style is straightforward and engaging. I recommend that you read it!"--Jagdish Acharya, Regional Vice-President, China, HK & South Pacific, Asian Paints Group of Companies

About the Author

Ching Mia Kuang has held various key appointments throughout his career. He was the Regional Accountant (South Europe) of Singapore Airlines, overseeing the financial operations of various cities such as London, Zurich, Paris, Rome, Athens and other stations. In this role, he also helped establish the financial operations of the Madrid office.

Mia Kunag later joined Fullmark Pte. Ltd. as its Group Financial Controller responsible for operations in China, Hong Kong, Malaysia and Vietnam. He was in charge of strategic investments, treasury, group financing, and mergers & acquisitions.

Another appointment Mia Kuang held was the Chief Accountant of Dalian Container Terminal (DCT), a flagship 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.

Mia Kuang, co-founded Shanghai Sino-Biz Financial Advisory Company Ltd. (predecessor firm of SBA Stone Forest) and currently leads the corporate secretarial, accounting and tax services divisions. In addition, he is actively involved in corporate finance and investment deals. His successful track record includes that of assisting a major investment fund in the divestment of an infrastructure project. He has also assisted several major global clients in securing partnership agreements with Chinese domestic players.