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Dear Members and Friends of SwissCham,
SwissCham Beijing is delighted to announce our next luncheon on the topic of “Corporate Social Credit System” to give you an introduction and discuss questions related to the Corporate Social Credit System on October 21, 2020 at the Hotel Éclat Beijing.
The Corporate Social Credit System (CSCS) is an ambitious initiative promoted by the Chinese Government that aims to self-regulate the market, according to the ranking obtained by the companies. The CSCS is the result of the collection of big data, that first has to be submitted to the “National Credit Information Sharing Platform”, then to the “National Internet+Monitoring System”, created by a collaboration among Alibaba, Huawei, Tencent and VisionVera, that is in charge of calculating the ratings. The ranking can be consulted on the “National Enterprise Credit Information Publicity System” and it sums up the conduct of the companies concerning all of the aspects related to doing business in China. Particular attention is given to the compliance with new environmental protection and quality of the products regulations.
The outcome is that the companies that obtain a good rating might be able to benefit of tax relief and easier access to credit, while the ones receiving a bad rating might experience more restricted market access conditions.
We are honored to invite our guest speakers from WZR and EY to share their insights and latest updates about the CSCS.
Ms. Silke Neugebohrn will first give a brief introduction about the current status of the development of the CSCS and then explain how the CSCS functions by using a case study and putting a focus on legal aspects and consequences.
Afterwards, Ms. Elaine Dong will share an example from her work with a focus on larger companies involved in mult-industries and conclude with a brief outlook on further developments.
We are looking forward to welcoming to join us for this insightful luncheon and remain at your disposal should you have any further questions.
With best regards,
Your SwissCham Team
In collaboration with:
SwissCham China in cooperation with the Swiss Embassy in Beijing recently conducted a Survey on the Corporate Social Credit System (CSCS), which is currently being implemented. It has, by its scope and the sanctions it implies, the potential to bring about lasting changes to the Chinese business environment and its actors. SwissCham China warmly thanks all participants for their participation to the recent survey conducted on corporate social credit system (CSCS) in cooperation with the Swiss Embassy in Beijing.
While the system does not seem to pose significant challenges for Swiss companies, it appears that a regular monitoring of the score is not a general practice yet. Rethinking the companies’ priorities in light of this system or even turning it to a communication tool may be good ideas – but it will also need better guidance and clarity by the authorities to address concerns about the mechanisms driving the system, in particular criteria and credit correction.
SwissCham and the Swiss Embassy would like to draw your attention to the new drafted “Guiding Opinion on Further Standardizing Public Credit Information Scope, Sanctions of Heavily Distrusted and Credit Repair to Establish a Long-Term Mechanism for Credit Building（in Chinese)”, published on July 22nd by NDRC and PBOC. Please do not hesitate to contact the Swiss Embassy directly for any related questions (firstname.lastname@example.org).
The Swiss Embassy and Consulates General in China, as well as SwissCham, monitor constantly the evolution of the business environment in China and invite you to contact them in case of questions, comments or difficulties.
Silke Neugebohrn, Senior Associate, WZR
Silke advises German clients on incorporations, corporate structuring and restructuring, labour issues and other legal aspects concerning their China investment. She worked as in-house legal counsel for a publicly-owned company in Germany where she primarily dealt with contract law and regulatory compliance/ procurement issues before relocating to Beijing in 2010. Since 2012 Silke has been working as an advisor in law firms and interdisciplinary consulting companies in Beijing, where she gained a profound understanding of the different legal as well as practical aspects foreign companies have to consider when doing business in and with China.
, Associate Director, Forensics and Integrity Services
Elaine has over 12 years’ experience in corporate compliance and investigation, including four years’ in-house experience as Investigation Manager. Elaine has worked on compliance assessment, anti-corruption review (FCPA), corporate fraud investigation, fraud risk assessment, fraud awareness training and integrity due diligence covering various industries including healthcare, insurance, manufacture, etc.
11:45 – 12:05 Registration
12:10 – 12:15 Welcome by SwissCham
12:15 – 13:00 Lunch
13:00 – 13:45 Dessert & Presentation by WZR and EY
13:45 – 14:00 Q&A & Coffee/Tea
Member & Young Professional (up to 30 y.o.) price: RMB 288 会员价，青年学者（30岁以下）
Non-Member price: RMB 388 非会员价
* Price incl. 3-course set menu and coffee/tea.
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at least 72 hours prior to the event. Failure to cancel your RSVP timely will require the payment of a “no show bill” of the full amount stated in this invitation. You can reach us as well by telephone: +86 10 8468 3982.
如果您要取消出席活动，请在活动开始前72小时写邮件给 firstname.lastname@example.org或致电+86 10 8468 3982。如未能及时取消,我们视同默认付款。