 You have heard that “Feng Shui” is a serious topic in the Chinese culture. Ever wonder this is superstition or science? How did the banks in Hong Kong practice Feng Shui?
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 Some Westerners find it is amazing that, in a Hong Kong restaurant, they always encounter 2 or more parties “fighting” to pay for a bill. What causes this kind of disputes?
 For a Debt Collection Agency to operate in Hong Kong, does it need a license? If yes, to which Government department one has to apply?
 In the West, a corporate purchase is normally initiated by issuing a purchase order. What is the common purchase procedure practiced in local Hong Kong companies?
 Most Westerners know that "face" is very important among the Chinese community. Yet, how to put this in business interactions, particularly when practicing credit management?
Taiwan Authorities Busted Data Traders with 170m Records of Personal Data Involving 20m Citizens12/5/2017 On May 11, 2017 Taiwan Law enforcement authorities have arrested 62 people on suspicion of illegally selling personal information and have confiscated computers containing about 170 million records of personal data, the Ministry of Justice Investigation Bureau said Thursday. After conducting a digital forensic investigation, bureau experts found that each computer contains approximately 200 gigabytes of personal information. The criminal ring is suspected of selling personal data beginning from last year to real estate agents and property development companies through a software system it developed to allow these companies to obtain information on landowners and provide ways to contact them. Each set of data was sold for NT$150,000-NT$200,000 (US$4,974-US$6,632).  On May 9, 2017, the China Supreme People's Court and the Supreme People's Procuratorate jointly issued the "Interpretation on Issues Concerning the Application of Law in the Criminal Cases of Infringing Citizens' Personal Data" to further clarify the definition of personal data, clarified the conviction and sentencing standard, clarified the standard of conviction and sentencing for the illegal purchase and legitimate operations involving personal data, and clarified the calculation rules of the quantification of personal data involved. Click to read the official announcement: http://www.spp.gov.cn/xwfbh/wsfbt/201705/t20170509_190088.shtml   Would a Westerner who do not speak any Cantonese (the most popular Chinese dialect spoken in Hong Kong) lives well in Hong Kong? How about practicing credit management without knowing Chinese?
 When Western business people first come to Hong Kong, they always wonder why most companies are located in the prime area of the city. Is the office location related to a company's credit?
 The Hong Kong Stock Exchange is the largest IPO fund raised exchange in the world, the eighth largest exchange in the world and the fourth largest exchange in Asia by market capitalisation as at December 2015. According to the statistics of the Hong Kong Stock Exchange (HKEx), the number of public companies listed as at the end of 2017 is 2118. How do these local large companies practice credit management in Hong Kong?
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AuthorAlexander has over 25 years of experience in Business Information Management and Information Technology. Previously, he has held leadership positions in the world’s leading Business Information providers, including Managing Director of Thomson Reuters Asia, and General Manager of Dun & Bradstreet (D&B), Hong Kong and Taiwan. In addition, he personally managed Hong Kong's Commercial Credit Bureau while working with D&B, and the Consumer Credit Bureau through his directorship at TransUnion Limited. Archives
September 2018
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