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 Candidate to the SME Forum, Mr. Marco Förster, Senior Associate at Dezan Shira & Associates.

If you would like to attend, please register with Mr. Miguel Angel Perez or through this event page before Monday, 23^rd March COB.

Please mind that Chatham House rules are applied in this meeting.

Speakers

Mrs. Cara Meng

Senior Associate, Taylor Wessing, Shanghai Office

Mrs. Cara Meng

Senior Associate, Taylor Wessing, Shanghai Office

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Cara Meng is a Senior Associate at Taylor Wessing based in Shanghai Office. Cara specializes in advising on compliance matters. Throughout the last 7 years Cara has advised various MNC’s and SME’s from different industries on compliance related matters. This covers both investigation work on complex internal investigations but also setting-up and maintaining compliance management systems for the China operations of foreign invested enterprises. Cara also specializes in general Chinese corporate and commercial law. She advises foreign companies on all aspects of Chinese laws in various industries with regard to their strategy and business in China. Cara’s industrial experience covers in particular the aviation, automobiles, chemical, life science and the general machinery manufacturing sectors.

Ms. Kendra Schaefer

Head of Digital Research, Trivium

Ms. Kendra Schaefer

Head of Digital Research, Trivium

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Kendra began building websites in the mid-1990s, when Geocities was still a thing, and has been skulking around China’s tech scene since 2004.

She has since consulted on over 150 digital projects for both private investors, SMEs and multinationals. Her clients have included Google, Envato, and the Eezy network. She is literate in Mandarin, and specializes in Chinese interfaces and usability.

Kendra now leads Trivium’s Social Credit Watch project, which is tracking the development of China’s social credit system.

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