Roger Lu, CFO and VP Upstream of PTL Group, opened it with a discussion of government relations and permits in China.
, who has over 10 years of financial management experience in foreign companies in China, is a PTL Groups'
leading contributor to negotiations with local governments on the Licensing and Registration of Manufacturing Sites in China.
opened explained that without government support it is very difficult to do business in China.
said, before beginning the licensing process, the foreign company should obtain the government's commitment to support the Business.
Before starting a construction project one must ensure that the plant can receive all necessary permits for manufacturing and selling, build a schedule and expedite the process towards the target date.
"Good relations with the government", he
said, "can shorten the licensing process from two years to six months.
Regarding negotiations with the government, Mr. Lu
recommended to prepare a flexible investment model in advance.
suggested not to attend a meeting and try to find out what are the support options, but to present the project, arouse the government interest in it, and only then begin negotiations on the various options for support.
Roger Lu, PTL Group's CFO, who maintains regular contact with Chinese authorities for company clients, spoke next: "China has many rules and regulations, but everything is subject to negotiation, you just have to know how to manage it" Roger also referred to the differences between the process of conducting negotiations of the Israelis and the Chinese, and shared the different benefits one can obtain from local government to establish business operations in China.