Executive Breakfast: HOW CHINA’S CORPORATE SOCIAL CREDIT SYSTEM CONDITIONS MARKET ACTORS Go back »
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Time2019-10-28 | 08:30 - 10:15
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Venue:The Prime, 78F, Intercontinental Hotel
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Address:
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Fee:Members: 300 |
Non Members: 400
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China’s Corporate SCS, the innovative and comprehensive vision of using modern technologies to monitor, condition and steer market participants, is moving decisively forward with its planned rollout in 2020. Until now, the discussion has focused primarily on the potential impact of the SCS on individuals in China, while the ramifications of the Corporate SCS have remained largely under the radar. To address this, the European Chamber has partnered with Sinolytics to publish a major report that details the acute disruptions that European companies will face, and what they must do to ensure compliance.
The widespread implications of the Corporate SCS include, for example: requirements for companies to regularly transfer corporate data, which will then be published and publicly available in national databases; tax ratings that are based not only on tax-specific requirements, but also individual ratings of responsible personnel, and even media reports about respective companies; companies’ credit scores will be impacted by the ratings of their suppliers and business partners.
Are businesses prepared for this? What opportunities and challenges for companies are foreseen? What are the specific implications in the short and long term? And what developments are expected in the coming months?
Luisa Kinzius, leading consultant on social credit system projects at Sinolytics, one of the authors of this report, will present the main findings of the report and a discussion will be organized afterwards.
Agenda
08:15-08:55 Registration and Breakfast
08:55-09:00 Opening remarks
09:00-09:30 Keynote Speech by Ms. Luisa Kinzius, Sinolytics
09:30-10:15 Discussion and Q&A
Speakers
Ms. Luisa Kinzius
Luisa, Project Leader, is a specialist on Chinese market regulation. She extensively worked on projects analyzing the impact of big-data enabled market regulation and regulatory ratings on companies. She also observes the current trends in China’s FinTech industry as well as emerging blockchain-based business models. Prior to Sinolytics she worked at the Rhodium Group, NYC, focusing on foreign investment activities in China. She holds a M.Sc. in Economics from the LMU Munich and a B.Sc in Economics from the University of Mannheim. During her studies she spent one year studying Economics and Chinese at the Nanjing University.