Back to Future – the Impacts of the Corporate Social Credit System on SMEs and the Implications in Times of COVID-19

The Corporate Social Credit System (SCS) is quietly changing the working of the Chinese economy. While the worldwide outbreak of the novel coronavirus (COVID-19) has impacted many areas of the business community operating in China, in particular SMEs, the CSCS is still working and expanding its areas of influence. The difficulties in the resumption of work and failure the consecutive failure to provide as promised could post unknown consequences in the business SCS record. In this regard, the SCS could be an ally or a threat for SMEs, depending on the correct understanding of this influential tool.

The EU SME Centre and the European Chamber are thus pleased to invite you to our webinar where we will address pressing questions on how and what to do to overcome the impacts of COVID-19 for SMEs from a corporate social credit system view. Ms. Cara Meng, Senior Associate at Taylor Wessing and Ms. Kendra Schaefer, Partner at Trivium China, will both discuss the usage, understanding and also benefits and dangers that the SCS could pose to SMEs. The conversation will be moderated by the South China Local Chair to the SME Forum, Mr. Marco Förster, Senior Associate at Dezan Shira & Associates.

If you would like to attend, please contact us or register with Ms. Cindi Yu or through this event page before Monday, 23^rd March COB.

Agenda

15:30-15:40:Opening remarks by South China SME Forum Chair Marco Förster

15:40-16:15: Presentation by Ms. Cara Meng

16:15-16:50: Presentation by Ms. Kendra Schaefer

16:50-17:10 :Discussion and Q&A