Lawyer Fan Zhang Shares Key Insights on Global Trade Security at Chengdu International Business Forum
On October 31, 2024, the Chengdu Pidu District Foreign Affairs Office successfully hosted the event “Opportunity Insights and Global Trade Security Strategy — Supporting Enterprises to Go Global”. The forum focused on helping enterprises seize international trade opportunities and navigate global risks more effectively.
Lawyer Fan Zhang, Director of Foreign Legal Affairs at JINGSH Chengdu and member of the National Commercial Arbitration Committee, was honored to be invited as a keynote speaker.
During her presentation titled “Global Corporate Credit Investigation and Trade Security”, Lawyer Zhang provided an in-depth analysis of the evolving challenges businesses face in the international trade environment. She emphasized that as China’s role in global commerce continues to grow, building mutual trust and implementing effective risk control measures between Chinese enterprises and their international partners has become increasingly critical.
Drawing from real-world cases, Lawyer Fan Zhang highlighted common pitfalls faced by domestic companies in cross-border trade, particularly the dangers of overly relying on credit sales without proper due diligence. She pointed out that accounts receivable disputes and debt recovery difficulties often stem from insufficient background checks on foreign counterparties.
To mitigate these risks, Lawyer Zhang recommended that companies conduct thorough pre-transaction investigations, including assessments of:
- Counterparty’s payment history;
- Accounts receivable recovery performance;
- Verification of office operations and asset authenticity.
In addition, she stressed the importance of leveraging legal tools early in the process. When signs of default or malicious payment delays emerge, companies should promptly consider initiating legal action in the jurisdiction where the counterparty’s assets are located, thereby safeguarding their financial interests and preserving their market reputation.
The presentation was well-received for its comprehensive, practical, and deeply analytical approach, offering valuable guidance for businesses seeking to maintain credit security and operational stability in today’s complex and volatile global trade environment.
Looking ahead, JINGSH Chengdu remains committed to providing comprehensive, high-quality legal services to support enterprises’ global expansion strategies. The firm will also actively participate in government-led initiatives to strengthen foreign affairs protection for businesses venturing abroad, contributing further to China’s “Going Global” strategy.
