Webinar: Credit and distressed assets opportunities in China

Register here for ITR’s webinar on the most prominent credit and distressed assets opportunities in China.

In association with KPMG China, the live webinar will take place on September 29 at 9am GMT / 10am London time / 5pm CST.

The impact of COVID-19 on corporate groups’ earnings is in many cases making access to typical lines of credit more difficult. However, from another viewpoint, this is presenting funds with opportunities to provide alternative financing.

Although investments in single credit opportunities, or portfolios of non-performing loans, may not give rise to immediate tax charges, tax may feature prominently if an investment ultimately turns around. If tax is not addressed at the time of making the investment, unintended tax leakages, on restructuring debt or on eventual exit, can significantly impact the investment’s overall internal rate of return (IRR).

At the same time, consideration needs to be given to how distressed investments are permitted to be made and returns repatriated to investors, since structures used in more sophisticated markets cannot simply be replicated in highly regulated markets in Asia such as China.

In this webinar, Henry Wong and Nigel Hobler of KPMG will discuss the regulatory and tax aspects of the following:

• General regulatory and tax regimes in China;

• Different types of debt investment opportunities in China;

• Offshore and onshore structures and associated tax and regulatory issues involved in acquiring, restructuring and realising investments; and

• Repatriating investment gains to investors.

The 60-minute webinar will be moderated by ITR’s Commercial Editor Prin Shasiharan. The webinar will be followed by a Q&A session.

Register here for the webinar on Tuesday, September 29 2020.