Singapore / Beijing, 1 September 2010 – Chinese companies hungry for expansion and investment overseas face unfamiliar risk landscapes, requiring a deep understanding of the local environment, according to a report published today by Marsh.
The latest edition of The Marsh Directors’ Series, a regular publication from Marsh in Asia, features a special focus on Chinese outbound investment, discussing the risks and opportunities Chinese companies encounter when acquiring, investing and listing outside their home market.
The many risk issues that these acquisitive companies face, especially in the US and Europe, include:
- More stringent employee benefit and workers’ compensation regulations
- Strict environmental liability laws
- Different statutory reporting requirements for listed companies
- Class action litigation for IPO and prospectus-related liability
“However, Chinese companies face a completely different risk landscape from what they are used to at home. Issues such as more stringent regulations and cultural integration require these companies to pay particular attention to their overseas risk management and insurance programs. Companies planning to list or already listed offshore have the added complexity of IPO liability and statutory reporting requirements.”
This edition of The Marsh Directors’ Series also includes a story on managing risk in a growth environment. As Asia continues to power ahead with strong GDP figures, companies should adjust their risk management and insurance programs accordingly.
To access the flipbook in English: http://www.insurancemarketreport.com/dsengq3q4/index.htm
To access the flipbook in Chinese:
http://www.insurancemarketreport.com/dschiq3q4/index.htm
To access the pdf in English, please click here.
To access the pdf in Chinese, please click here.
Contacts:
William Sargent
+65 8139 7400
william.sargent@marsh.com
Valen Lin
+8610 6533 4008
valen.lin@marsh.com
About Marsh’s Asia Global Client Services (AGCS) Practice
AGCS is a global network of over 400 colleagues who specialise in the distinct aspects of risk management and insurance for multi-national clients emanating from Asia. These colleagues are situated in Marsh’s global network of owned offices under a single management structure. They prioritise risk issues, such as local regulations, evolving exposures, catastrophic risks and relationships that the clients may have with a specific insurer. Contact and regular communication across numerous time zones enables AGCS to deliver leading edge program design and consistent timely service. Our colleague network enables us to communicate with clients in their home language, such as Mandarin, Korean and Japanese.
About Marsh
Marsh, the world’s leading insurance broker and risk adviser, has over 24,000 employees and provides advice and transactional capabilities to clients in over 100 countries. Marsh is a member of Marsh & McLennan Companies, a global professional services firm with over 50,000 employees worldwide and annual revenue of $10 billion, which is also the parent company of Guy Carpenter, the risk and reinsurance specialist; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman, the management consultancy. Its stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges.