CRIF at the Hong Kong Institute of Certified Public Accountants Seminar
In Hong Kong, CRIF was invited to give a speech at the seminar of Hong Kong Institute of Certified Public Accountants, one of the largest professional groups in Hong Kong, on the topic of ‘Effective Credit Risk Management for International Trade‘.
Companies always face the challenge of balancing profit and risk in an international trade. Therefore, it is essential to review the credit control process on an ongoing basis in order to minimize potential credit risks. During the seminar held by the Hong Kong Institute of Certified Public Accountants, CRIF demonstrated how to use business information, which is crucial for the KYC (Know Your Customer) procedure, in order to strengthen credit risk management. The seminar provided important insights to nearly 80 senior finance professionals from different industries regarding the enhancement of credit risk management and demonstrated effective methods for formulating systematic credit policy in different business situations.