Update on China's Corporate Social Credit System on September 03, 2024

Dear VDMA Member,

Below the radar of public attention, Chinese authorities continue to implement and fine-tune China's Corporate Social Credit System (CSCS). Not only is the number of newly applicable ratings for companies steadily increasing, also the number of blacklisted companies is higher than ever, with prominent cases including large and also foreign companies. The credit and compliance information collected by government agencies on companies in China and stored in the CSCS database(s) has also continued to expand, covering a wide range of areas from basic market registration information to compliance in specific regulatory areas such as food safety, labor safety, or data and cyber security. Mechanisms such as comprehensive scorings, which publicly provide an overall assessment of a company's social credit performance, and risk scorings, which predict the likelihood of future non-compliance, are increasingly at work - all behind the enormous political and technical challenge of systematically integrating data across administrative levels, departments and locations. This VDMA event will provide deep insights into the current state of China's Corporate Social Credit System and how companies can pragmatically manage the system's impact on their business in China.

Event Details:

• Date: September 03
• Time: 15:00 – 16:30 (Chinese time)
• Platform: MS Teams

Event Agenda:

15:00 Welcome by VDMA

15:10 China's Corporate Social Credit System: A Status Update on a Moving Target by Mirjam Meissner, Managing Partner at Sinolytics

• Brief history and development of the CSCS
• Key components and how the system works
• Recent updates and changes in policies
• Impact on businesses operating in China

15:45 Case studie of businesses adapting to the CSCS

16:00 Q&A

16:30 End

For event registration please click the following link:

https://app.glueup.cn/event/44857/register/

We look forward to your participation in what promises to be an insightful discussion.

Format & Language:

• Kindly be aware that there is a participation fee of 150 RMB for this event. Payment details will be sent to you after registration.
• Access information for the web meeting will be sent to you one day prior to the event.
• This virtual event will be conducted in English.

Event Contact Person:

Ms. Shuyi Sun

Email: shuyi.sun@chinavdma.org

Tel: +86 10 8773 0210

German Mechanical Engineering Commercial Services (Beijing) Co., Ltd. (GMECS)

GMECS is an organisation under the umbrella of VDMA

Unit 0501G, DRC Liangmaqiao Diplomatic Office Building, No. 19 Dongfang East Road, Chaoyang District, Beijing, P.R.China