The European Chamber is delighted to be partnering with the German Chamber for an important social insurance update that may have strong implications for HR, finance and legal aspects in business
On October 28th, 2010, the Standing Committee of the National People's Congress has promulgated the "PRC Social Insurance Law". The Law will come into effect on July 1, 2011. All major aspects of the social insurance system in China have now been regulated in one comprehensive law issued on the national level. The legislator's aim is to eliminate local disparities by establishing a uniform nationwide system and paying out of related benefits. Based on the text of the Law, for the first time in China, mandatory full coverage will generally be imposed for all migrant workers and foreigners.
The Law is of immediate and of high relevance to all enterprises in China, including foreign invested enterprises. Depending on a company's employee structure, the Law may lead to a substantial increase of the social insurance cost burden imposed on both enterprise and employees. Accordingly, its implications should still be considered during the ongoing or imminent budgeting process for 2011.
Mr. Ralph Koppitz, Partner and Chief Representative of the law firm Taylor Wessing in Shanghai, will outline changes and consequences for foreign companies and employees in China. Furthermore, he will point out how companies and employees should prepare themselves in order to cope with these legal changes. After his presentation the speaker will be open to questions.
Speaker
Mr. Ralph Koppitz
Partner and Chief Representative, Taylor Wessing Shanghai
Moderator
Mr. Rolf H. Koehler
General Manager, Freudenberg Management Shanghai
Agenda
18:30 Registration & Canapés
19:00 Welcome by moderator
19:05 Presentation by speaker
19:55 Q&A
20:15 Buffet Dinner & Drinks
Event Terms & Conditions
Please note that, though all are welcome to attend our events, we strongly recommend that you register online with us in advance so that we can keep you updated on any changes in the event schedule. From time to time, due to unforeseen circumstances we need to change the time or venue of an advertised event. So please do let us know by registering online if you plan to attend an event so that we can keep you informed.
To register for this event please register online by 18:00pm Monday 6th December. Please note that we will send you a registration confirmation. We require 24 hours notice for cancellations, no-shows who fail to cancel before this time will be invoiced for the event. Registrations done after the deadline will be accepted only if space permits and are charged an additional 50 RMB walk-in fee. For any further enquiries or registration, please contact us at sgoodfellow@euccc.com.cn
Fees will be collected in cash at the entrance.