On 22nd March, 2024, the Cyberspace Administration of China (CAC) officially issued the ‘Provisions on Promoting and Regulating Cross-border Flow of Data’ (hereinafter referred to as ‘New Rules’), revamping the cross-border data transfer rules in place since 2022. The New Rules constituted a much-awaited announcement that is expected to lessen the administrative burdens and cross-border data transfer bottlenecks facing many companies, and provide a more internationalized environment for MNCs as well as Chinese local companies with overseas needs.

• 2024-03-29 | 16:30 - 18:00
• Teams/ European Chamber Office Beijing, 4th Floor, Room C405

2024 is an important year for China on further economic recovery and also provides challenges and opportunities for companies to explore business in China. The ‘Two Sessions (Lianghui)’ and the China Development Forum (CDF) will guide China’s economic growth and provide new engines for business. At the same time, a stable and healthy bilateral EU-China relationship is strategically significant for the economy and companies.

Welcome to join us to outlook the China economic growth, explore the opportunities under the uncertain EU-China relations, discuss how will the 'Two Sessions' convey confidence in 2024 economy, and talk with economists and experts on new business opportunities in China.

• 2024-03-27 | 15:00 - 16:30
• Teams / European Chamber Office Beijing, 4th Floor, Room C405

The National People’s Congress Standing Committee (NPCSC) passed a significantly revised version of the Company Law on 29th December 2023, which will enter into force on 1st July 2024. This timing coincides closely with the expiration of a five-year grace period for foreign-invested companies to adjust to China’s Company Law by the beginning of 2025. This grace period began when the Foreign Investment Law (FIL) came into force on 1st January 2020.

The revised Company Law presents several new requirements for businesses, including updates to capital contribution rules for limited liability companies (LLCs), new diligence requirements for management and supervisors, and the requirement of an employee representative on boards of directors of some companies. It also includes new options for companies, such as the ability of companies with a small number of shareholders or a small scale of business to have no supervisor, the option for an audit committee in lieu of a supervisory board or individual supervisors for LLCs and greater freedom to choose which personnel can serve as legal representative.

During this seminar, participants will gain valuable insights as the experts delve into the intricacies of the New Company Law, offering expertise on the challenges faced by foreign-invested companies in China, with focus on limited liability companies. The discussion will focus on common issues and specific challenges encountered by foreign companies operating in China.

• 2024-03-21 | 15:00 - 16:15
• Universe Meeting Room, 6F, DB Schenker Technology Solution Center (Nanjing)

The European Chamber cordially invites you to attend the launch of its latest publication, produced in partnership with China Macro Group (CMG), on 20th March 2024.

European Chamber president Jens Eskelund and CMG co-founder and managing director Markus Herrmann Chen will present the key findings of the report. Following this, president Eskelund and former Chamber presidents Joerg Wuttke, Mats Harborn and Davide Cucino will discuss the impact that state-led risk management and economic-security-focussed policies are having on European companies in China.

• 2024-03-20 | 09:00 - 11:30
• Beijing Ballroom, 3F, Four Seasons Hotel

European Chamber Nanjing Chapter is delighted to invite you to the Exclusive Conversation with Scott Kennedy of CSIS as we explore the dynamic landscape of EU-China-US relations.

• 2024-03-15 | 09:30 - 11:00
• Carnelian Room, 8F, Sofitel Nanjing Galaxy 索菲特银河南京苏宁酒店，8楼 玛瑙厅

On March 5, 2024, Premier Li Qiang delivered the <<Report on the Work of the Government>> at the Second Session of the 14th National People’s Congress of China. Globally, economic recovery was slow, with increasing geopolitical tensions and rising protectionism. Domestically, China faced challenges in economic recovery due to the prolonged impact of the Covid-19 pandemic, exacerbated by existing structural issues and emerging risks in areas such as real estate and financial institutions.

In response to these challenges, the government outlined its tasks for 2024, including issuing ultra-long-term special government bonds and opening up new tracks in emerging fields like quantum technology and life sciences. Additionally, China plans to implement measures to further open up its economy, such as relaxing market access restrictions and promoting cross-border services trade.

To delve deeper into these issues and their implications for businesses, the European Chamber is pleased to host Mr. Xu Sitao, Chief Economist and partner at Deloitte China, to share his insights and forecasts on the economy. Mr. Xu brings extensive experience, having previously served as Chief Representative of China and EIU Forecasting Director at the Economist Group. We will also provide an opportunity for members to introduce themselves and engage in discussion.

• 2024-03-13 | 10:00 - 11:30
• 26/F, Deloitte Touche Tohmatsu Certified Public Accountants LLP 26楼德勤华永会计师事务所

China's ESG regulations have developed significantly in recent years setting mandatory framework for certain industries. With the revised Company Law stipulating that companies, when doing business, shall “fully consider” the interests of their employees as well as environmental protection, and are encouraged to publish social responsibility reports, it becomes clear that companies need to ensure their compliance also in the ESG area. The developing ESG legal framework makes it difficult for companies to maintain a detailed and comprehensive overview.

• 2024-03-12 | 08:30 - 10:30
• 7F, VIP room, Sofitel Nanjing Galaxy Suning 索菲特苏宁银河大酒店7层自助餐厅VIP Room

European Chamber Women's Day Workshop
Gender Diversity: Empowering Female Leadership In Business

• 2024-03-07 | 13:30 - 15:30
• European Chamber Office Beijing, 4th Floor, Room C405

In the current complex and changeable economic environment, the execution results of the transfer pricing of the inter-group affiliated transactions of multinational enterprises are likely to deviate from the expected goals, resulting in the profit and loss level of the affiliated transactions being lower than expected or the retention of excess profits. In order to deal with the adverse effects of these deviations and effectively manage the potential tax risks, multinational enterprises can manage the annual execution results of transfer pricing between related enterprises through the year-end adjustment of transfer pricing. The European Chamber Nanjing Chapter invited KPMG expert team to exchange and share the latest development and practice of transfer pricing adjustment at the end of the year.
在当前复杂多变的经济环境下，跨国企业在集团内部关联交易转让定价方面的执行结果很可能与预期目标出现偏离，导致其在关联交易中所取得的损益水平不及预期或者留存了超额利润。为了应对这些偏差所带来的不利影响并有效管理潜在的税务风险，跨国企业可以通过转让定价年末调整来管理关联企业之间转让定价的年度执行结果。欧盟商会南京分会特邀KPMG专家团队为企业带来转让定价年末调整最新发展和实践的交流分享。

• 2024-01-22 | 15:30 - 17:00
• KPMG Nanjing Office

您是否对广州市2023年12月28日公布的文件《广州市关于实施粤港澳大湾区个人所得税优惠政策财政补贴管理办法（2023 年修订）》及《广州市境外人才粤港澳大湾区个人所得税优惠政策财政补贴申报指南（2023年）》有所疑虑？是否担心在2021和2022年度个税财政补贴的申请和审核中遇到挑战？那么，我们特别为您准备了一场不容错过的专题研讨会！
Do you have concerns about the documents punished by Guangzhou on December 28, 2023, “Measures of Guangzhou for Administration of Financial Subsidies under Preferential Individual Income Tax Policies in Guangdong-Hong Kong-Macao Greater Bay Area (2023 Revision)" and "Guidelines for the Application of Financial Subsidies under the Preferential Individual Income Tax Policies in Guangdong- Hong Kong- Macao Greater Area for Overseas Talents in Guangzhou (2023) "? Are you worried about facing challenges during the application and review process for the fiscal subsidies for personal income tax in 2021 and 2022? If so, we have prepared a not-to-be-missed special seminar just for you!
广州市近期发布了新版管理办法及申报指南，对申请人资格、任职单位条件以及申请材料等方面进行了重要调整。这意味着在您的税务申请过程中，可能会面临一些困惑。为了协助您充分理解政策要点、分享实际操作经验，以便按时完成2021和2022年度的个税财政补贴申请和审核工作，中国欧盟商会华南分会荣幸地邀请到了金融和税务工作组副主席张少玲和德勤中国的专家，将在这场专题研讨会上与您深入探讨广州市新政策。
Guangzhou has recently released new versions of the measures and guidelines, making significant adjustments to qualifications for applicants, conditions for employing entities, and required application materials. This means that you may encounter some confusion during your tax application process. To assist you in fully understanding the key policy points, sharing practical operational experiences, and ensuring the timely completion of your applications and reviews, the European Chamber South China Chapter is honoured to invite the Vice Chair of the Finance and Taxation Working Group, Janet Zhang, and experts from Deloitte China to delve into Guangzhou's new policies at this special seminar.

• 2024-01-16 - 2024-01-16 | 16:00 - 17:30
• 26th Floor, Yuexiu Financial Tower