TORONTO, Oct. 9, 2013 /CNW/ - Yesterday, Yu Jianwei, Commercial Counsel
of the Chinese Consulate General in Toronto, addressed a forum of more
than 200 local business leaders at a special event hosted by RBC. Yu,
along with Director of Hong Kong Economic and Trade Office Gloria Lo
and other business leaders, addressed economic and trade development
opportunities for Canadian businesses looking to do business in China,
including industry sector overviews and Canadian and Chinese government
support programs for business owners.
"Based on the current growth pace, China will be the second largest
market in the world after the United States in 2015" said Yu. "The
Chinese marketplace represents an untapped opportunity for many
Canadian business owners, but to be successful, it's very important
that they approach the opportunity mindful that there are cultural
differences at play."
"The event today showed many businesses the importance of the Chinese
market" said Tina Sarellas, Regional Vice President of Commercial
Banking at RBC. "As Canada's largest bank, we have a role to play in
helping our business clients grow in new markets. We facilitated
today's event to help our clients take the first step."
The event also featured several business leaders who have been
successful in China. They shared insights on logistics, supply chains,
government support programs, Chinese business etiquette and how to use
Hong Kong as a gateway to enter the Chinese market.
"Hong Kong is an excellent place for business, an ideal platform for
investment, and offers tax benefits" said Lo. "With strong ties with
the mainland and new cross-border infrastructure, InvestHK can help
Canadian businesses take the first steps."
Businesses looking for more information about doing business in China
are encouraged to visit rbcroyalbank.com/commercial/global for reports and financial service solutions to get them started. They
can also call 1-800-769-2520 to schedule a time with a specialized
Commercial Account Manager at RBC to learn about the financial
solutions available when doing business abroad.
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banks in the world, based on market capitalization. We are one of North
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personal and commercial banking, wealth management services, insurance,
and investor services and wholesale banking on a global basis. We
employ approximately 80,000 full- and part-time employees who serve
more than 15 million personal, business, public sector and
institutional clients through offices in Canada, the U.S. and 44 other
countries. For more information, please visit rbc.com.
RBC supports a broad range of community initiatives through donations,
sponsorships and employee volunteer activities. In 2012, we contributed
more than $95 million to causes worldwide, including donations and
community investments of more than $64 million and $31 million in
For further information:
Director, Communications, RBC