CONDUCTING BUSINESS IN CHINA

1
CONDUCTING BUSINESS IN CHINA

• John F. Pierce
• Stoel Rives LLP
• 600 University Street, Suite 3600
• Seattle, Washington 98101

2
Your Presence in China or Not?

• Issues
• Is it necessary?
• IP protections?
• Costs?
• What is the advantage?
• Export market
• Domestic market

3
Establishing a Presence - 1

• Representative Offices
• Foreign Investment
• New Entity
• Existing Entity
• Joint Ventures
• Wholly-Owned

4
Establishing a Presence - 2

• Use of Special Purpose Vehicles (SPVs) Cayman
  Islands, British Virgin Islands, Hong Kong
  
• Why/Why not?
• US Taxation Issues

5
Foreign Exchange

• Renminbi (RMB) convertibility issues
• State Administration for Foreign Exchange (SAFE)
• Chinas Foreign Exchange Reserves

6
Dispute? What Can I Do?

• Chinas legal system and courts
• Arbitration should be foreign
• New York Convention or the Enforcement of Foreign
  Arbitral Awards
  
• Consider Hong Kong, Singapore, others