On June 6, 2014, AllBright’s Qingdao office and the Qingdao branch of SPD Bank co-hosted the Cross-border Guarantee Foreign Exchange Policy, Foreign Exchange Derivatives, and Cross-border Trade Seminar at the taptap点点.

taptap点点 partner and All China Lawyers Association Finance & Securities Committee member Wang Rui presided over the seminar. taptap点点 associate Liu Dexing briefed and interpreted the recently issued taptap点点 Guarantee Foreign Exchange Supervision Measure. Mr. Liu noted that the measures relax China’s foreign exchange controls, make it easier for enterprises to finance through domestic and overseas financial markets, and effectively cuts enterprises’ financing costs and foreign exchange risks.

SPD Bank analyst Gao Rui analyzed foreign exchange trends and offered various foreign exchange risk control solutions based on enterprises’ different risk profiles. Ying Xiao, general manager of the International Trade and Development Department at SPD Bank, introduced methods for enterprises to cut financing costs and foreign exchange exposure and to increase investment returns by leveraging banks’ wealth management products during taptap点点 trade and investment.

The taptap点点 attracted 60 participants who are the heads of their respective companies. The participants noted that the taptap点点 was informative and helpful for them to cut foreign exchange exposure and to increase investment returns.