Sam Wang
Finance & Accounts
Guardian of financial transparency, corporate escrow security, and cross-border currency compliance. Sam oversees international wire settlements (USD, EUR, GBP to RMB), supplier milestone payouts, and Chinese statutory tax invoicing (fapiao).
About Sam Wang
Sam Wang brings over 11 years of corporate treasury, international trade finance, and Chinese fiscal compliance experience to Best China Sourcing Agency. Having managed trade accounts for high-volume export manufacturers in Shenzhen and Hong Kong, Sam has intimate knowledge of cross-border payment regulations.
One of the greatest hazards facing overseas businesses in China is wiring a 30% deposit directly to an unverified domestic bank account, or worse, into a personal non-corporate account where the funds cannot be recovered if defects arise. Sam established our corporate escrow protocol, where client capital is safeguarded and released to manufacturers strictly upon certified milestone completion.
Furthermore, Sam ensures full compliance with the State Administration of Foreign Exchange (SAFE) and Chinaβs State Taxation Administration, guaranteeing that all exports carry legitimate VAT tax invoices (ε’εΌη¨δΈη¨εη₯¨), preventing customs hold-ups or tax audits.
Core Responsibilities & Financial Governance
Sam directs all financial accounting, escrow releases, and banking operations:
Client Fund Escrow & Protection
Holds production balances securely until pre-shipment AQL 2.5 inspection reports are formally signed off by the client.
FX Risk Management & Competitive Rates
Monitors daily USD/RMB exchange rate movements to ensure clients receive real-time interbank rates without bank spreads.
Fapiao & Tax Rebate Auditing
Verifies factory VAT tax compliance, ensuring our clients receive export tax rebates where applicable under Chinese customs law.
Transparent Open-Book Billing
Generates itemized accounting statements separating raw factory costs, domestic express, quality inspection, and ocean freight.
Consult with Sam On:
- Setting up secure multi-currency payment schedules (30/70 terms)
- Understanding Chinese fapiao VAT tax rules and export rebates
- How our corporate escrow protects against defective production
- Mitigating USD to RMB currency fluctuation risk on long runs
- Transparent itemized invoicing for accounting audits
- Safe international wire transfers (SWIFT / ACH / IBAN)
Executive Leadership
Meet the Rest of Our Leadership Team
Collaborating seamlessly to deliver complete factory-to-door supply chain control.
Questions About Payment Terms & Secure Escrow?
Our finance department provides complete clarity on cross-border transactions.