Local LC Hero

LC VIEWS, Special Edition, March 2005

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Introduction

Local LC heroes excel in their LC role performances for local economic development.
LC VIEWS highlights the local limelights.
In China

China, when it opened its economy to international trade, acquired trade finance expertise, LC management expertise and payment dispute management expertise, as necessary infrastructure for use in trade-based economic development. T. O. Lee, a Canada-based world-famous Chinese LC consultant (<http://www.tolee.com>) says China acquired the expertise through training intervention from Hong Kong. He himself has lectured in China on LC matters when he was based at Hong Kong.
On China's enthusiasm to learn LC, T. O. Lee says:
"I meet a lot of bankers and scholars who are interested in studying LC. They collect all ICC official opinions and translate them into Chinese. I call them LC fans. They form informal LC clubs and meet monthly to discuss LC issues, same as those Indian, Pakistan, Sri Lanka & Bangladesh bankers in Dubai do. The scholars also write a lot of LC books in Chinese language. Some books are good and some are not so good , but anyway they help to promote the LC concepts in China".
T.O. Lee FAE, MCIArb, MITD
Managing Director

In Middle East

T. O. Lee also lectures in the Middle East. His lectures in the classroom make a difference in the Middle Eastern businesses in terms of improvement in business capability for effective LC management for successful trade management and business development. The Middle East's strategy to import knowledge, experience and expertise has proved effective in achieving the intended objective of international trade maximization for economic development acceleration.

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