This is a past event. Registration is closed. View other Danish Chamber of Commerce Hong Kong events.
The Chinese Government's Corporate Social Credit System (CSCS), aiming to monitor and steer market behaviour, has become increasingly important for corporations operating in China to understand. How does the system impact business operations in China, how can it result in rewards or punishments and what are best-practices dealing with it?
At this Signature Event, in partnership with the Danish Chinese Business Forum and Danish Export Association, we will seek to provide you with an update on the CSCS, focusing on the time since 2019, when EUCCC and Sinolyticspublished the extensive report "The Digital Hand –How China's Corporate Social Credit System Conditions Market Actors". In this report, JörgWuttke, President of EUCCC, wrote: "For better or worse, China's Corporate SCS is here to stay and businesses in China need to prepare for the consequences, and they need to start now." Luckily, there is still time to prepare for the CSCS, but time is of the essence.
Why participate?
Operating in the market will be more difficult and controlled than before, but the system can also be utilized as a means to open new doors -If addressed well, the CSCS may create a more level playing field for foreign companies operating in China vis-à-vis their Chinese competitors. Therefore, corporate leaders need to understand what the CSCS requires from their business. Join this event to gain valuable insights regarding the implications of the CSCS for your company.
DCC Member only event.
