Tuesday, May 19, 2015

Susan Finder on Conducting Mainland Due Diligence

"Conducting due diligence is getting easier on mainland"
Susan Finder (Visiting Fellow, Centre for Chinese Law)
South China Morning Post
19 May 2015
Hong Kong businesses are increasingly finding themselves doing business with mainland companies and individuals and finding themselves required to "know their mainland customers" via a quick background check.
      Although overall transparency on the mainland remains limited, it has improved since the State Council adopted Regulations on Open Government Information (OGI), and particularly since the Communist Party Central Committee held its third and fourth plenums.
      The mainland government is making some "big data" available online, so it is easier to do some basic due diligence, free of charge and from your smartphone or computer. Knowledge of Chinese is required because English information is either incomplete or not available at all... Click here to read the full article.

1 comment:

  1. Thx for this article.
    Big branch of million business now is using Virtual data room systems to keep information safe and make deals correct. To make fast and comfortable deal use due diligence data room

    ReplyDelete

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