The Insurance Working Group is pleased to invite you to its next working group meeting, taking place on Friday 05 September from 09h to 11h, at the European Chamber Beijing and Shanghai Office.
With a rapidly aging population and a demographic pyramid that is every year more unbalance, elders will soon be a major demographic group in Chinese society. Moreover, the lack of a comprehensive social welfare system together with the one-child policy are exacerbating the issue, creating risks and uncertainties.
On the other hand, the 12 measures announced by the CBIRC in May and, above all, the 11 measures to further opening up the financial industry announced this July seem to be effectively opening the pension market to foreign-invested companies. It is a long overdue measure, given that most of European-invested companies already have a long experience in dealing with elders and managing pension funds and can easily bring this know-how into China.
Against such a backdrop and in order for companies to grasp new opportunities in China’s financial market expansion and opening up, we will have the pleasure of welcoming Mei DONG, Partner and Expert of Financial Services at KPMG to share her main observations in regards to the new opportunities for foreign insurance companies in the context of pension reform and elderly care.
Attached please find the bios and motivation letters of all the candidates. The duration of the term for both the Chair and the Vice-Chairs is one year. All elected Chairpersons must sign the attached Code of Conduct.
Tentative Agenda
09:00-09:05 Welcome Remarks
09:05-09:50 Presentation: Pension Reform and Elderly Care: New Opportunities for Foreign Insurance Companies
09:50-10:05 Q&A
10:05-11:00 Discussion on 2019/2020 Working Group Priorities and Advocacy Action Plan