The development of mutual legal assistance between HK and China helps to build a more sophisticated mechanism. The Agreement signed on January 18th 2019 has positive impacts on HK traders and foreign investors because Hong Kong judgment could be enforced in China, and vice versa. The Consultant of iQor Receivable Management Services (HK) Ltd (RMS) Mr. Norris Chan and the Partner of Beijing Yingke Law Firm Ms. Su Ping were cordially invited by Hong Kong General Chamber of Commerce (HKGCC) to hold a seminar on June 20 to analyze how to enforce Hong Kong Judgment in China to mitigate risks of doing business in the Mainland.
We will continue to study 2018 iQor RMS Collectability Index in this blog. Our debt collecting data shows an increasing polarization of overall debt collection performance in 2018. Debt collection successful rate declined in Europe and the US but accelerated in parts of Asia Pacific such as Philippines and Vietnam. This trend became apparent in the second half of 2018 as the US-China conflict prolonged. We expect 2019 will be a tough and challenging year for debt collection.
The unpredictability and uncertainty of the US-China trading battle have triggered anxieties and fear on exporters trading between China and the US. Some said the tariffs paid to the US government should be importers of the US, not the manufacturers.
Photo by Jeffrey Swanson on Unsplash
© 2023 Receivable Management Services (HK), Ltd, an iQor Company All rights reserved.